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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
120 jobs Number of planned job losses
Announcement Date
1 February 2010
Employment effect (start)
Foreseen end date
30 April 2010
Description
High quality steel producer Böhler Edelstahl is to cut 120 jobs at its headquarters in Kapfenberg, Styria, by the end of April 2010. This was announced by Böhler's parent company voestalpine on 1 February 2010.
According to management, the restructuring measure would be inevitable for the firm to remain competitive. Extending existing short-time work arrangements, which had expired at the end of January 2010, would no longer be economically reasonable, management said. The number of job cuts might however be reduced over the next weeks depending on incoming orders. In addition to the planned dismissals, an indefinite number of temporary agency workers will be dismissed. Moreover, vacancies due to retirement will not be filled.
The employees affected will be entitled to receive support from the voestalpine Stahlstiftung that offers training and other re-employment measures.
Sources
1 February 2010: Boerse-Express ()
1 February 2010: Der Standard ()
Citation
Eurofound (2010), Böhler Edelstahl, Internal restructuring in Austria, factsheet number 70167, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70167.
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.
