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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
600 jobs Number of planned job creations
Announcement Date
29 June 2005
Employment effect (start)
1 August 2005
Foreseen end date
31 December 2006
Description
Chemical giant BASF is to establish a daughter company serving its European affiliates in Berlin. The centre will offer accounting and financial services for BASF's subsidiaries and employ 600 people. Berlin was in competition with Middle and Eastern European cities for the new centre and won despite higher wages. The availability of personnel with good foreign language skills and the trade union's flexibility in its negotiations with BASF played important roles in BASF's decision.
Sources
30 June 2005: Tagesspiegel
Citation
Eurofound (2005), BASF, Business expansion in Germany, factsheet number 61831, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61831.
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.
