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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22 - Manufacture of rubber and plastic products
200 jobs Number of planned job losses
Announcement Date
12 August 2008
Employment effect (start)
Foreseen end date
31 December 2009
Description
Uponor, a Finnish plastic pipe maker, announced that is to cut over 200 jobs by the end of 2009. The job losses are part of a large cost reduction programme in order to cut costs and cope with a difficult building and construction market.
The programme targets structural cost reductions in the range of EUR 30 million, effective in 2009. The programme is preliminarily estimated to generate a one-time cost impact of about EUR 10 million, which will be split between 2008 and 2009. The above mentioned savings programme is designed to secure the company's performance in the expected weak market environment.
Uponor has subsidiaries in 22 countries and 17 factories in 9 countries, employing some 4,700 employees.
Sources
13 August 2008: Helsingin Sanomat
Citation
Eurofound (2008), Uponor, Internal restructuring in World, factsheet number 66956, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66956.
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.
