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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
New offshoring locations
Italy
165 jobs Number of planned job losses
Announcement Date
8 January 2009
Employment effect (start)
30 January 2009
Foreseen end date
28 February 2009
Description
Cytec, a chemical product manufacturer, is to cut 165 jobs (87 blue collar and 78 white collar workers) at its plant in Drogenbos, Flanders. In Drogenbos, Cytec manufactures the resin powder used in paintings in the automobile industry, construction and graphical arts. Demand for this product has decreased by 40% since the last trimester of 2008. The company intends to centralise its production of resin powder in Italy, while other chemical products will continue be produced at the site in Drogenbos.
Sources
9 January 2009: L'Echo
Citation
Eurofound (2009), Cytec surface specialities, Offshoring/Delocalisation in Belgium, factsheet number 67993, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67993.
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.
