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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Italy, United States
1,000 jobs Number of planned job losses
Announcement Date
28 January 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
American company Molex, which produces connectors mainly for the automotive industry, will dismiss all 1000 workers by the end of 2009 when it closes its plant in Kechnec Industrial Park near Kosice. According to Molex Director General, Mathias Bleicher, production will be delocalised to Italy or USA. Nonetheless, recently the company hired approximately 100 new workers to satisfy increased orders of customers.
Sources
28 January 2009: Hospodárske noviny
28 January 2009: SME
Citation
Eurofound (2009), Molex Slovakia, Offshoring/Delocalisation in Slovakia, factsheet number 68891, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68891.
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.
