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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20 - Manufacture of chemicals and chemical products
490 - 500 jobs Number of planned job losses
Announcement Date
12 April 2010
Employment effect (start)
12 April 2010
Foreseen end date
31 December 2013
Description
On 12 April 2010, the chemical company BASF announced to cut around 500 jobs worldwide by 2013. The company stated to restructure its global pigment business, eliminating certain products. Therefore labour capacities also have to be reduced. 500 out of 2,900 jobs are to be shed before 2013. 320 jobs will be lost in Europe: mostly affected are its sites in Paisley (UK) and Grenzach (Germany). Another 90 and 80 jobs will be cut in Guaratinguetá (Brazil) as well as in Louisville and Elyria (USA).
Sources
13 April 2010: Handelsblatt
13 April 2010: Financial Times Deutschland
Citation
Eurofound (2010), BASF, Internal restructuring in World, factsheet number 70409, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70409.
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.
