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.
Scotland; South Western Scotland; East Ayrshire and North Ayrshire Mainland
Location of affected unit(s)
Kilmarnock
Sector
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
266 jobs Number of planned job losses
Announcement Date
12 January 2005
Employment effect (start)
Foreseen end date
Description
More than half of the workforce at carpet-maker Stoddard International were made redundant yesterday to give the company "a fighting chance" of survival. Receivers appointed to Stoddard said 266 workers would lose their jobs immediately. Another 90 have been placed on short time.
The Kilmarnock-based company, which made the red carpet on which the Queen walked down the aisle on her wedding day, employs 479 people.
Sources
13 January 2005: The Guardian
Citation
Eurofound (2005), Stoddard International, Internal restructuring in United Kingdom, factsheet number 61002, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61002.
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.
