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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
30 jobs Number of planned job losses
Announcement Date
28 March 2006
Employment effect (start)
1 April 2006
Foreseen end date
30 June 2006
Description
Vulkan, a Slovakian producer of rubber products, has decided to change its product portfolio. According to Vulkan CEO Marián Urban, the company wants to cooperate more closely with the automotive industry and produce rubber compounds and rubber components for cars. Some employees already participate in training programmes in France to acquire the necessary skils for using new technology and equipment. Nonetheless, some jobs and occupations have become obsolete, which has lead to almost 30 redundancies in March 2006. According to the Vulkan CEO, another 190 employees will be dismissed in the next three month.
On 12 May 2006 the Vulkan CEO Marián Urban announced that the company decided to stop the planned dismissals and hires some specialist in chemistry and rubber technology, now.
Sources
28 March 2006: Pravda
28 March 2006: Hospodárske noviny
12 May 2006: SME
Citation
Eurofound (2006), Vulkan, Internal restructuring in Slovakia, factsheet number 63268, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63268.
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.
