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 13.2 - Weaving of textiles
158 jobs Number of planned job losses
Announcement Date
11 April 2008
Employment effect (start)
15 May 2008
Foreseen end date
13 June 2008
Description
Pärnu Linavabrik, a linen textiles and linen threads manufacturer, has announced the dismissal of 158 jobs out of a total 340 during the period from 15 May to 13 June 2008 following a decision by the Irish owner company W.F.B. Baird & Co Ltd. Mostly the jobs of skilled workers are lost (spinners, workers from the bleaching and dyeing plant and technical staff). About a quarter of the persons made redundant have an employment history of more than ten years in the company, the remaining have mostly been employed over five years. The company commented that they find it difficult to market their products, as the cost price of production is higher than that of analogous competing companies in Southeast Asia and China. As a result, the company is forced to cut down in production. The job reduction is the second largest dismissal in the company since 2006 when 126 jobs were cut. However the plant was not closed down completely. According to the comment of the manager of the company, Mr Arvo Villmann, the new production will be implemented and the dyeing plant will be kept in place. The new products will be less related to the markets in China.
Sources
Citation
Eurofound (2008), Pärnu Linavabrik, Internal restructuring in Estonia, factsheet number 66573, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66573.
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.
