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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
3,500 jobs Number of planned job losses
Announcement Date
27 January 2009
Employment effect (start)
31 January 2009
Foreseen end date
31 December 2009
Description
Corning, the world leader in specialty glass and ceramics, is to cut 3,500 jobs by the end of 2009. On 27 January 2009, the company announced the results for the fourth quarter and full year 2008, along with the company's planned restructuring actions. Around 1,500 redundant workers are salaried employees, while around 1,400 are temporary workers.
Corning operates in five markets: display technologies; environmental Technologies; telecommunications; life sciences; specialty optic materials. It has around 30,000 employees worldwide.
Sources
28 January 2009: Il Diario del lavoro
Citation
Eurofound (2009), Corning, Internal restructuring in World, factsheet number 67986, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67986.
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.
