The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
200 jobs Number of planned job losses
Announcement Date
8 October 2004
Employment effect (start)
Foreseen end date
31 December 2006
Description
Bayer Crop Science, the plant protection subsidiary of German chemicals and pharmaceuticals group Bayer, has revealed plans to cut around 200 jobs at its production plants in Frankfurt and Monheim and to reduce purchase and services costs. Bayer Crop Science will also reduce investments in research and development activities. The announced restructuring programme is expected to reduce costs by 200 million euros a year from 2007 onwards.
Sources
9 October 2004: Süddeutsche Zeitung
9 October 2004: Die Welt
Citation
Eurofound (2004), Bayer Crop-science, Internal restructuring in Germany, factsheet number 60979, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60979.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
