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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Waste Collection, Treatment And Disposal Activities; Materials Recovery 38 - Waste collection, treatment and disposal activities; materials recovery
70 jobs Number of planned job losses
Announcement Date
19 March 2005
Employment effect (start)
Foreseen end date
Description
Duales System Deutschland (DSD), the company responsible for collecting packaging waste under Germany's green dot recycling system, plans to cut its staff by up to 20%. DSD, will soon lose its current monopoly in packaging waste collection and is to undergo a strict cost-cutting plan. Its new owner, US financial investment company Kohlberg Kravis Roberts (KKR), wishes to prepare it for a flotation in three to five years' time. Up to 70 staff could lose their jobs, although a final decision will not be made until DSD management has met with the staff council. DSD, which had turnover of 1.7 billion euros last year, is preparing to enter new areas of activity when it loses its current monopoly.
Sources
19 March 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Duales System Deutschland (DSD), Merger/Acquisition in Germany, factsheet number 61300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61300.
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.
