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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
98 jobs Number of planned job losses
Announcement Date
18 November 2008
Employment effect (start)
31 December 2008
Foreseen end date
1 January 2009
Description
The turmoil in the global economy has led to a changed market environment for the pulp and paper industry, creating a weaker demand for Metso's products and services. The company must therefore adjust its capacity accordingly. Operations need to be downsized and made more flexible to handle changes in the market. The redundant employees are expected to be dismissed by the turn of the year 2008/2009.
Sources
25 November 2008: Dagens Industri
Citation
Eurofound (2008), Metso Paper, Internal restructuring in Sweden, factsheet number 67684, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67684.
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.
