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.
Ireland's biggest telecommunications company, Eircom, has informed that 900 of its 7,025 employees will be asked to leave the company by the end of 2010. Significantly, the redundancy process will commence with immediate effect, with the company expected to cut 400 of the planned 900 job cuts by the end of 2007. Eircom was bought by Australian private equity company, Babcock & Brown, in August 2006. The jobs cuts are part of a two-pronged strategy aimed at maximising returns at the company, the second part being an application to ComReg, the telecoms regulator, for a price increase. The numbers employed in Eircom have fallen from 12,000 when the company was privatised in 1999.
Sources
31 May 2007: The Irish Independent
31 May 2007: The Irish Times
Citation
Eurofound (2007), Eircom, Merger/Acquisition in Ireland, factsheet number 65432, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65432.
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.
