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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
400 jobs Number of planned job losses
Announcement Date
26 February 2005
Employment effect (start)
Foreseen end date
1 January 2006
Description
The take-over of glass manufacturer Nachtmann by its main competitor Riedel is going to bring a significant reduction of its workforce. Georg Riedel, head of the merged corporate group, emphasised that deep cuts in expenditure were required to ensure the survival of Nachtmann, which has a long tradition in Bavaria. Riedel plans to cut one quarter of the current 1.600 jobs. Most jobs will be cut in administration, but other divisions too, as long as they are not part of the core business, will see significant outsourcing to service providers. However, very few redundancies are expected in the glass production division.
Sources
26 February 2005: Stuttgarter Zeitung
Citation
Eurofound (2005), Nachtmann, Merger/Acquisition in Germany, factsheet number 61218, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61218.
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.
