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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
1,200 jobs Number of planned job losses
Announcement Date
8 December 2008
Employment effect (start)
Foreseen end date
Description
On 8 December 2008, steel producer ArcelorMittal announced to cut 1,200 jobs at its German sites. At its Bremen site, every fourth job is affected, i.e. the company is to cut 900 jobs. Another 300 out of 2,600 jobs will be lost in Eisenhüttenstadt. In Eisenhüttenstadt a further 300 jobs will be affected by a reduction in working time. The job cuts are part of the company’s global restructuring programme that envisages 9,000 job cuts (see fact sheet 12054). A spokesperson of the company stated that the management is looking for socially acceptable solutions to realise the job cuts, including compensation payments.
Sources
9 December 2008: Frankfurter Allgemeine Zeitung
8 December 2008: Handelsblatt
Citation
Eurofound (2008), Arcelor Mittal, Internal restructuring in Germany, factsheet number 67612, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67612.
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.
