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
340 jobs Number of planned job losses
Announcement Date
18 August 2008
Employment effect (start)
15 September 2008
Foreseen end date
2 October 2008
Description
Drobe, the company producing fabrics from pure wool and semi wool in Kaunas, announced its bankruptcy on 18 August, 2008. All 840 employees, who have been working in the company, will be dismissed by 2 October 2008. According to the management, a new company Drobe LT will be established in place of Drobe. The newly established company will re-employ 500 dismissed employees of Drobe, 400 of them have already started to work there. The main cause of the bankruptcy was heavy debts of the company. Drobe experienced a loss of 10.2 million LTL in the first half of the year 2008.
Sources
15 September 2008: Lietuvos Rytas
Citation
Eurofound (2008), Drobe, Merger/Acquisition in Lithuania, factsheet number 67147, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67147.
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.
