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
350 jobs Number of planned job losses
Announcement Date
5 April 2007
Employment effect (start)
Foreseen end date
Description
Atlas Elektronik, a maritime and naval systems provider, announced on 5 April 2007 its plans to cut 350 jobs within the next years. The company stated that the planned measures shall bring greater competitiveness. Atlas Elektronik employs around 1,700 employees worldwide. The company added that it is seeking to define a socially acceptable solution for the affected employees, such as part-time schemes or early retirement for the elderly.
Sources
5 April 2007: Handelsblatt
Citation
Eurofound (2007), Atlas Elektronik, Internal restructuring in Germany, factsheet number 65213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65213.
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.
