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.
North East; Northumberland and Tyne and Wear; Tyneside
Location of affected unit(s)
South Shields
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
200 jobs Number of planned job losses
Announcement Date
17 January 2006
Employment effect (start)
Foreseen end date
Description
The South Shields-based Circatex that makes printed circuit boards has called in administrators placing the future of 200 jobs in doubt. At one point the plant employed more than 1,400 people when it was established by then American owners Viasystems in 1999. Pressure from far East competitors and increasing energy costs have plunged the company into crisis. Joint administrators Hunter Kelly and Charles King of Ernst & Young were appointed at the request of the directors and as a result of cash pressure from trading losses in 2005. The company has evolved from a series of predecessor businesses including Plessey, Interconnection Systems, Viasystems and, more recently, Circatex Limited.
Sources
17 January 2006: BBC News
Citation
Eurofound (2006), Circatex, Closure in United Kingdom, factsheet number 62799, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62799.
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.
