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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
650 jobs Number of planned job losses
Announcement Date
14 July 2008
Employment effect (start)
Foreseen end date
Description
JCB, a company that operates in the heavy machinery sector, has announced that it is to cut 650 jobs. 500 of these job cuts will be manufacturing jobs, whilst 150 administrative jobs will also be lost. The company stated that the job losses will be spread across its manufacturing sites, which are mainly based in the Midlands, with the company’s head office being based at Rocester in Staffordshire. All of JCB's UK factories will be affected by the job losses, affecting staff at eight factories in Staffordshire, two in Wrexham and one in Derbyshire. The company attributed the job losses to the current conditions in the construction sector, stating that its production levels were 20% below forecast. As of 20 July 2008, no further information is available on how many job losses will be at each site, or when the jobs will be cut.
Matthew Taylor, chief executive, said: ‘Many JCB dealers around the world are experiencing lower sales rates because of reduced customer activity, mainly in the housebuilding and commercial property sectors…We do not expect to see a recovery until late 2009 at the earliest.’
JCB have 8000 employees worldwide, with manufacturing sites in the UK, Brazil, North America, India, China & Germany.
Sources
15 July 2008: Financial Times
14 July 2008: BBC News
Citation
Eurofound (2008), JCB, Internal restructuring in United Kingdom, factsheet number 66867, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66867.
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.
