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
European Globalisation Fund (EGF)
Year: 2011, Case number: 14
New offshoring locations
2,200 jobs Number of planned job losses
Announcement Date
29 September 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
Nokia Romania, announced the intention to close the factory at Jucu and to dismiss all the 2,200 employees. The measure is part of a broad restructuring plan promoted at Nokia group level. The main reason is the intention of the group to concentrate the activities of the units in its Chinese and Asian units where costs are lower. The factory at Jucu was inaugurated in 2008 after the Finnish company decided to transfer its production of mobile phones from a large German site at Bochum to Romania, again for cost reasons.
Eurofound (2011), Nokia Romania, Offshoring/Delocalisation in Romania, factsheet number 72420, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72420.
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.
