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
100 jobs Number of planned job losses
Announcement Date
5 March 2008
Employment effect (start)
5 March 2008
Foreseen end date
31 March 2008
Description
Around 100 temporary agency workers, currently employed at the Villach main production site of Infineon Technologies Austria, stand to lose their jobs by the end of March 2008. The regular workers will not be affected by the redundancies. The company, a well-performing subsidiary of the worldwide operating Infineon Technologies, specialised in semiconductor industry for car electronics, has long proved a beneficiary of worldwide company restructuring. During the last years, the company’s overall workforce across the country has continuously increased, standing at some 2,900 in March 2008. However, declining demand of the automobile industry for electronic chips, along with dropping prices of personal computers, has forced the company to reduce production capacities in 2008.
Sources
5 March 2008: Wirtschaftsblatt
Citation
Eurofound (2008), Infineon Technologies, Internal restructuring in Austria, factsheet number 66434, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66434.
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.
