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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Malvern
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
500 jobs Number of planned job losses
Announcement Date
8 April 2005
Employment effect (start)
Foreseen end date
Description
One of Malvern's largest employers which announced 500 posts losses says it is taking steps to minimise that figure. Technology firm QinetiQ, which also has an office in Pershore, said that posts would be cut over 52 sites nationwide.
It said traditional support functions and technical posts would go under a restructuring programme.
Now the firm says it expects the number to be less than at first expected but cannot say where the cuts will be made. The company says they are expecting the majority of affected staff to be redeployed or to take voluntary redundancy.
Sources
8 April 2005: BBC News
Citation
Eurofound (2005), QinetiQ, Internal restructuring in United Kingdom, factsheet number 61382, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61382.
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.
