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.
Professional Services Scientific, Architectural And Engineering Technical Activities Scientific Research And Development 72 - Scientific research and development
European Globalisation Fund (EGF)
Year: 2011, Case number: 15
700 jobs Number of planned job losses
Announcement Date
2 March 2010
Employment effect (start)
Foreseen end date
31 December 2011
Description
On 2 March 2010, Pharmaceutical giant Astra Zeneca announced that it will close its research facilities in Lund and cut some 900 jobs, some of which are to be relocated to facilities in Mölndal (Gothenburg). The facilities in Lund are for R&D purposes only and consequently the 900 employees are white collar workers within respiratory and inflammatory research areas. The closure is part of a savings program, which is going to save $ 1 billion (€ 733 million) annually until 2014. The goal is to streamline operations by cutting around 1,800 R&D jobs from today's 12,000 worldwide (3,800 in Sweden). According to the company, the closure will be taken in steps with final closure at the end of 2011.
Update on 17 March 2010: Astra announced that 200 of the 900 employed in Lund will be relocated to facilities in Mölndal (Gothenburg). The remaining 700 jobs in Lund will, as announced earlier, be cut.
Eurofound (2010), Astra Zeneca, Closure in Sweden, factsheet number 70255, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70255.
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.
