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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15 - Manufacture of leather and related products
300 jobs Number of planned job losses
Announcement Date
9 June 2005
Employment effect (start)
1 June 2005
Foreseen end date
30 September 2005
Description
Shoes manufacturer BUT-S announced insolvency and was forced to cut 300 jobs in its Łódź (Łódzkie) manufacturing facility. The company claims that it was not able to face competition from Chinese producers. It also complains about poor relations with its main creditor - Bank Pekao. According to some business experts, bad management was one of the reasons for this insolvency.
Sources
6 June 2005: Rzeczpospolita
9 July 2005: Rzeczpospolita
Citation
Eurofound (2005), BUT-S, Bankruptcy in Poland, factsheet number 61931, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61931.
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.
