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 29.1 - Manufacture of motor vehicles
1,200 jobs Number of planned job losses
Announcement Date
28 January 2005
Employment effect (start)
Foreseen end date
Description
In January 2005 Karmann is considering the possibility of job cuts. Works council fears that over 600 of the 5,900 jobs at its site in Osnabruck may be under threat. However it is said that all possible options will be examined in order to avoid forced redundancies. These might include shorter working time or age-related rationalisation. This plan comes in reaction to the weak sector market and the resulting threat of a possible lack of new orders for vehicle construction.
At the end of 2004, Karmann announced 120 job losses in the area of operating equipment construction and terminated 770 contracts prematurely. The company is reported to be planning 50 job cuts in the UK and 250 in the US.
On 27 May 2005, Handelsblatt announced that at the end of the restructuring, 700 temporary contracts were not renewed and 500 permanent contracts were terminated.
Sources
28 January 2005: Süddeutsche Zeitung
27 May 2005: Handelsblatt
Citation
Eurofound (2005), Karmann, Internal restructuring in Germany, factsheet number 61180, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61180.
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.
