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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
175 jobs Number of planned job losses
Announcement Date
11 December 2008
Employment effect (start)
Foreseen end date
30 June 2009
Description
Parker Hannifin, a manufacturer of refrigeration components, is to cut 175 jobs at its Crook site in Durham. The company will close down the factory as a response to falling demand and increased foreign competition. Although the exact date the job losses will commence is yet unknown, the 175 employees of the plant have received notice that they will lose their jobs in the new year (2009). 20 employees will be kept on until June 2009 in order to assist with the closure.
Sources
11 December 2008: BBC News UK
Citation
Eurofound (2008), Parker Hannifin, Closure in United Kingdom, factsheet number 67624, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67624.
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.
