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.
Nord Ovest; Valle d\'Aosta/Vallée d\'Aoste; Valle d\'Aosta/Vallée d\'Aoste
Location of affected unit(s)
Chatillon
Sector
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
170 jobs Number of planned job losses
Announcement Date
24 June 2007
Employment effect (start)
24 June 2008
Foreseen end date
Description
Tecdis, a firm that produces electronic displays for mobile phones, office and scientific equipment, is to close with the loss of 170 jobs. The closure was announced by the owner of Tecdis in June. This decision is due to the firm's financial position; in the last two years, the company has accumulated 50 million EUR of debts. The 170 employees of Tecdis will benefit from the Wages Guarantee Fund (Cassa integrazione guadagni straordinaria, 'Cigs'), a 'social shock absorber' that intervenes in cases of restructuring, reorganisation, closure, change of activity or economic difficulties. The Wages Guarantee Fund scheme will last one year. After this period, the company will start the collective dismissal procedures. Also, the Valle d’Aosta regional Government has announced that companies that hire the redundant personnel of Tecdis will benefit from tax relief.
Sources
8 July 2007: La Stampa
Citation
Eurofound (2007), Tecdis, Closure in Italy, factsheet number 65611, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65611.
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.
