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 24.52 - Casting of steel
300 jobs Number of planned job losses
Announcement Date
18 November 2005
Employment effect (start)
Foreseen end date
Description
The steel producer Outkumpu plans to cut 300 jobs in Sweden. The company's units Avesta and Torshälla will be the most affected with respectively 125 and 140 jobs being scrapped. Other plants will also contribute to the cost-cutting plan with staff reduction of between 10 and 20 employees. In Sweden, Outokumpu has about 3,000 employees working in the production of stainless steel.
Eurofound (2005), Outokumpu, Internal restructuring in Sweden, factsheet number 62536, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62536.
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.
