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 24.44 - Copper production
168 jobs Number of planned job losses
Announcement Date
9 August 2005
Employment effect (start)
Foreseen end date
Description
On 9 August 2005 the producer of copper, Outokumpu Poricopper started cooperation negotiations in order to cut 175 jobs. The dismissals are carried out due to an increase of the raw copper prices and the weakening demand.
On 20 September 2005 the company informed of the ended codetermination negotiations. As an result of the process 168 employees will be made redundant.
Sources
10 August 2005: Helsingin Sanomat
21 September 2005: Helsingin Sanomat
Citation
Eurofound (2005), Outokumpu Poricopper, Internal restructuring in Finland, factsheet number 62125, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62125.
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.
