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.
Wales; West Wales and The Valleys; Bridgend and Neath Port Talbot
Location of affected unit(s)
Llantrisant
Sector
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.93 - Manufacture of carpets and rugs
323 jobs Number of planned job losses
Announcement Date
28 May 2006
Employment effect (start)
Foreseen end date
Description
A sofa factory in Llantrisant in Rhondda Cynon Taf, south Wales is to close with the loss of 323 jobs.
Its owner, the furniture retailer MFI, has launched a 90-day consultation period, and hopes to find other work for staff. A MFI spokesperson said it had decided it was a better commercial decision to use a number of suppliers rather than one owned by them. The GMB union said it was 'disappointed' and wants talks with MFI as well as local politicians. The plant provides sofas for MFI and Sofa Workshop. Earlier this year, the company unveiled a major restructuring plan aimed at reviving its fortunes. An MFI spokeswoman said staff had been told more than a week ago about the changes and that consultation was already underway.
'We're trying to find other roles where possible for staff,' she said.
Earlier this month, the furniture group announced that retail sales were 19% lower than the same period last year and that it would be looking at its stores and distribution network.
Sources
28 February 2006: BBC News
Citation
Eurofound (2006), MFI, Outsourcing in United Kingdom, factsheet number 63048, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63048.
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.
