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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.51 - Casting of iron
European Globalisation Fund (EGF)
Year: 2010, Case number: 07
175 jobs Number of planned job losses
Announcement Date
13 August 2009
Employment effect (start)
13 August 2009
Foreseen end date
31 October 2009
Description
The steel tube manufacturer Voestalpine Tubular located in Kindberg, Styria, is to lay off 175 out of its current 900 workers by October 2009, after some 80 staff were already made redundant in early 2009. Due to decreasing order intakes as a result of the global economic turndown, the company is prompted to reduce production and change to a two-shift system. Moreover, the current short-time work arrangements are planned to be extended. Management has announced to negotiate a social plan for the employees affected, including an option to enter the existing re-employment scheme for the steel industry (Stahlstiftung).
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.
