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 - Manufacture of textiles
370 jobs Number of planned job losses
Announcement Date
2 September 2008
Employment effect (start)
2 September 2008
Foreseen end date
31 October 2008
Description
Yarn and fabric manufacturer, Aquasava, which is located in Kranj, is to close with the loss of 370 jobs. The Italian owners, Gruppo Bonazzi, cited competition from the Chinese and rising energy prices as well as the discontinuation of a contract with an important Pakistani client as reasons for the closure. All the employees will be dismissed by the end of October 2008. The workers were promised to receive EUR 1.2 million of compensation. Aquasava manufactures cotton yarns, cotton grey fabric, synthetic and mixed grey fabrics.
Sources
2 September 2008: Delo
Citation
Eurofound (2008), Aquasava, Closure in Slovenia, factsheet number 67039, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67039.
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.
