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
2,000 jobs Number of planned job losses
Announcement Date
28 January 2010
Employment effect (start)
Foreseen end date
31 December 2012
Description
On 28 January, the engineering company Siemens announced plans to cut up to 2,000 jobs in Germany in response to a decline in orders.
In 2009, the market for motors dropped by 42% and it is not expected to recover before 2014, the company said. The works council and the trade union IG Metall opposed the plans saying that Siemens has made large profit in the first quarter of the business year and that the forecasts were positive.
The plan will mainly affect the two plants that manufacture low voltage motors in Bad Neustadt and Erlangen, Bavaria. Bad Neustadt currently employs 2,148 staff. By 2012, the manufacturing unit will be closed and relocated to Mohelnice, Czech Republic. 840 jobs will be cut. The technology and innovation department in Bad Neustadt - employing currently 1,200 people - will remain and be enlarged, management said. 300 jobs will be cut in the manufacturing plant in Erlangen. Finally, Siemens announced the reduction of 850 industrial service jobs at various locations in Germany.
Siemens currently employs 62,000 people in its industry division in Germany. That is about half of its total workforce in the country. 6,000 workers are on short time work.
Eurofound (2010), Siemens, Internal restructuring in Germany, factsheet number 70135, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70135.
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.
