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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
500 jobs Number of planned job losses
Announcement Date
31 May 2006
Employment effect (start)
5 June 2006
Foreseen end date
Description
Panevėys district court is considering starting bankruptcy procedures for Ekmecha, a manufacturer of television tubes in Panevėys. About 500 people were working in the company and all of them will be dismissed due to the bankruptcy. Ekmecha was working as a subdivision of Ekranas, a big manufacturer of electronic devices, which went bankrupt on 8 April, 2006, due to decreased production sales. Though Ekmecha was supplying goods for some foreign companies in Finland, Sweden and Latvia as well, the orders of Ekranas constituted about 70% of Ekmechas sales.
Sources
31 May 2006: Verslo zinios
Citation
Eurofound (2006), Ekmecha, Bankruptcy in Lithuania, factsheet number 63591, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63591.
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.
