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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24 - Manufacture of basic metals
123 jobs Number of planned job losses
Announcement Date
18 July 2005
Employment effect (start)
Foreseen end date
Description
Szczecin Steelworks has stop operating. Half of the workers were dismissed. Remaining half keeps the factory in production readiness. The steelworks couldn't face competition with other companies, due to high prices of raw materials. Company's owner doesn't want bankruptcy as if this would occur, Szczecin Port management has preemption to buy the embankment area, where Szczecin Steelworks is localised. The land is of a bigger value than the old steelworks itself.
Sources
18 July 2005: Głos Koszaliński/Głos Słupski
Citation
Eurofound (2005), Huta Szczecin, Bankruptcy in Poland, factsheet number 62116, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62116.
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.
