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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
490 jobs Number of planned job losses
Announcement Date
17 March 2005
Employment effect (start)
Foreseen end date
Description
The engineering group Weir said 490 jobs would be cut at its pumps and valves divisions. Weir said about 310 jobs would go at its pumps division. Its plant in Glasgow will be relocated to a smaller site in the city, while the number of employees in Alloa, Manchester and some regional offices will be scaled back. The group braced around 180 staff for redundancy at its factory in Huddersfield under moves to outsource non-essential operations and relocate its UK-based valves business.
Sources
18 March 2005: The Guardian
Citation
Eurofound (2005), Weir, Closure in United Kingdom, factsheet number 61280, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61280.
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.
