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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13.9 - Manufacture of other textiles
190 jobs Number of planned job creations
Announcement Date
18 September 2006
Employment effect (start)
18 September 2006
Foreseen end date
28 February 2007
Description
Italian company Badinotti, one of the largest producers of nets for industry and sports, decided to relocate its production to Slovakia. Badinotti will invest more than SKK 150 million in order to increase its competitiveness in the world market, especially against Asian producers. According to Badinotti Slovakia's CEO Paolo Tizzoni, company management decided for Slovakia because of its suitable geographic location, availability of cheap workforce and a favourable business environment. Badinotti's nets production technology is rather labour demanding and around 190 new jobs will be created in the new production plant. Badinotti plans to produce more nets there than in Italy. The company management would like to achieve an annual turnover of about SKK 500 million in the new subsidiary. The company has not asked for any state aid yet.
Sources
18 September 2006: Hospodárske noviny
Citation
Eurofound (2006), Badinotti Slovakia, Business expansion in Slovakia, factsheet number 64095, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64095.
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.
