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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
1,200 - 1,800 jobs Number of planned job losses
Announcement Date
15 June 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Following a long negotiation process with trade unions and the Portuguese Government, General Motor (GM - manufacture of parts and accessories for motoror vehicles) announced the closing of the Azambuja factory by the end of 2006, justifying the closure with the high logistics costs and the need to transfer the production of Opel Combo to a larger factory located in Zaragoza, Spain.
Since the signed contract between GM and the Portuguese Government is valid up to 2008, the Portuguese Government declared its intention to sue GM.
All legal and contractual mechanisms will be put in action in order to compensate for the serious damages this decision causes to Portugal.
GM Europe already announced it would give back the incentives received from the Portuguese Government for the Azambuja unit which will exceed 30 million euros.
This closure will affect 1,200 direct workers. There is also the possibility that the closure of this factory will affect 600 more jobs in the supplying industry.
Sources
15 June 2006: Público
12 July 2006: Público
13 July 2006: Diário de Notícias
16 June 2006: Público
Citation
Eurofound (2006), General Motors, Closure in Portugal, factsheet number 63790, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63790.
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.
