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.
Construction Construction Of Buildings And Infrastructure Engineering Civil Engineering 42 - Civil engineering
250 jobs Number of planned job losses
Announcement Date
19 August 2008
Employment effect (start)
Foreseen end date
20 August 2008
Description
Howley Civil Engineering has been wound up by the High Court after the court heard there were no prospects for its survival. The company, which was based in Co Cork and employed 250 people, was involved in the construction of Ireland's M3 motorway.
The Irish High Court had heard that the company was insolvent and unable to pay its debts due to a number of factors, including the slowdown in the construction sector and additional costs on motorway and retail projects. The company's directors had hoped to secure investors, but the examiner asked the court to wind up the company. A liquidator was subsequently appointed. Howley once employed 470 people.
Sources
21 August 2008: The Irish Independent
Citation
Eurofound (2008), Howley Civil Engineering, Bankruptcy in Ireland, factsheet number 66976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66976.
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.
