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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
1,500 jobs Number of planned job losses
Announcement Date
24 January 2010
Employment effect (start)
Foreseen end date
30 April 2010
Description
Sony Ericsson, the Sweden-based telecommunication systems provider, has announced 1500 job cuts. This is the second largescale restructuring announcement within one year. In April 2009, the company announced the dismissal of 5,000 employees worldwide (15033). Poor results have led the company to extend the scope of their restructuring. According to management, the restructuring has been caused by the fall in sales of their handset units.
Eurofound (2010), Ericsson, Internal restructuring in World, factsheet number 70126, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70126.
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.
