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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
178 jobs Number of planned job losses
Announcement Date
25 June 2009
Employment effect (start)
Foreseen end date
31 March 2010
Description
Electrical components manufacturer ABB has announced 178 redundancies due to the closure of its Waterford factory. The plant, which manufactures distribution transformers for the construction and utility markets in Ireland and the UK, will close by the end of March 2010. It is reported that ABB is closing the Waterford factory because of a significant fall in business. ABB is a Swiss-Swedish-owned company and employs over 400 staff at five different sites across Ireland.
Eurofound (2009), ABB, Closure in Ireland, factsheet number 69182, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69182.
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.
