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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
150 - 250 jobs Number of planned job losses
Announcement Date
14 October 2008
Employment effect (start)
Foreseen end date
31 December 2009
Description
Pharmaceuticals company Wyeth Medica Ireland, Kildare, has announced up to 250 redundancies among permanent and temporary staff. The company attributed the job losses to a "continuing decline" in product volumes and a need to "implement greater cost efficiencies". "These additional headcount reductions are necessary in order to successfully protect and develop WMI's existing role as one of Wyeth's key strategic pipeline facilities," the company said in a statement. "WMI informed its employees that it is committed to providing a competitive redundancy package for its affected permanent employees," the company added. SIPTU, the union representing workers at the pharmaceutical plant, said it will "strenuously resist" any compulsory redundancies. The union also expressed concern at the scale of the threatened cuts at what, it added, is a highly profitable plant.
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.
