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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
European Globalisation Fund (EGF)
Year: 2009, Case number: 15
300 jobs Number of planned job losses
Announcement Date
25 February 2009
Employment effect (start)
1 April 2009
Foreseen end date
30 June 2009
Description
Danfoss, a Danish-based global producer of compressors and condensing units for refrigerators and light commercial applications, has announced a second round of restructuring which involves 300 job losses at the headquarters in Nordborg (South Denmark). 200 jobs will be achieved through direct dismissals and 100 through natural wastage. Last October the company announced 350 job losses in Denmark. The management explained at the press conference that a significant slowdown in the economy in the last quarter of 2008 had made the redundancies necessary. Danfoss and the local unions will agree a set of measures to help redundant workers to find new jobs or re-train. The job losses in Denmark are part of a large restructuring plan that will result in the loss of 850 jobs worldwide.
Eurofound (2009), Danfoss, Internal restructuring in Denmark, factsheet number 68802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68802.
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.
