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.
Mining / Quarrying Mining And Quarrying Mining Of Metal Ores 07 - Mining of metal ores
250 jobs Number of planned job losses
Announcement Date
19 November 2008
Employment effect (start)
19 November 2008
Foreseen end date
30 June 2009
Description
Due to declining demand, LKAB is forced to give notice to 250 part-time employees. LKAB is now adjusting to the decreased demand for iron ore products by closing several of its pelletizing plants during the winter and spring. Pellet plant MK3 in Malmberget will be shut down for four months, starting 1 December 2008. The Svappavaara plant will be closed from 1 January until the end of May. In other pelletizing plants, production will be stopped for shorter periods during the spring of 2009. The stoppings cause the dismissal of 250 part-time employees. Maintenance and renovation will be carried out in all plants.
LKAB refines iron ore products. The LKAB Group has about 3,800 employees and consists of about 30 companies in 15 countries. Sales in the first nine months of 2008 amounted to about SEK 17.6 billion (EUR 1.5 billion). The company has iron ore mines, processing plants and ore harbors in northern Sweden and Norway and sales offices in Belgium, Germany and Singapore. LKAB is fully owned by the Swedish state. The two sites in Sweden employ 3,200 and the remaining 600 work in other countries.
Sources
20 November 2008: Svenska Dagbladet
Citation
Eurofound (2008), LKAB, Internal restructuring in Sweden, factsheet number 67673, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67673.
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.
