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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29 - Manufacture of motor vehicles, trailers and semi-trailers
345 jobs Number of planned job losses
Announcement Date
1 February 2005
Employment effect (start)
1 March 2005
Foreseen end date
Description
Crane Fruehauf the Norfolk-based trailer firm has gone into administration with the loss of 345 jobs.
Staff at the company, Dereham's biggest manufacturing employer, were told that there was insufficient money to pay next month's wages. The company has been hard hit by the downturn in the UK trailer market, reduced orders and a strong pound. Following significant trading losses the firm had announced 16 redundancies in December 2004 and 70 early 2005.
Sources
31 January 2005: BBC News
Citation
Eurofound (2005), Crane Fruehauf, Closure in United Kingdom, factsheet number 61079, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61079.
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.
