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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49 - Land transport and transport via pipelines
150 jobs Number of planned job losses
Announcement Date
21 March 2005
Employment effect (start)
29 April 2005
Foreseen end date
29 April 2005
Description
Swedish train operator BK Tåg has gone bankrupt on 29 March 2005 and will not be re-entering the passenger rail business. The freight unit will continue as usual. BK Tåg started business in 1990 as the first private Swedish franchise operator. BK Tåg's passenger unit has 150 employees and franchises in many parts of southern Sweden, which will cease unless a new operator is found by the end of April 2005.
Sources
29 March 2005: Sveriges Radio
21 March 2005: Press release by BK Tåg
21 March 2005: Svenska Dagbladet
Citation
Eurofound (2005), BK Tåg, Bankruptcy in Sweden, factsheet number 61349, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61349.
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.
