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.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
50 jobs Number of planned job creations
Announcement Date
14 September 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Vorwerk, the specialist for vacuum cleaners, is to increase the number of its field sales staff from 350 to 400 by the end of the year as a result of a planned business expansion. Within the coming five years, the company aims to expand the direct sales force up to 500 employees. Currently, the client portfolio covers around 500,000 customers in Austria, where the company sells annually around 60,000 vacuum cleaners with a turnover of around EUR 20 million.
Sources
14 September 2011: Wirtschaftsblatt
Citation
Eurofound (2011), Vorwerk, Business expansion in Austria, factsheet number 72359, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72359.
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.
