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
1,050 - 1,500 jobs Number of planned job losses
Announcement Date
20 May 2011
Employment effect (start)
Foreseen end date
Description
Tata Steel will cut up to 1500 jobs at its Long Products division. 1200 jobs will be cut in Scunthorpe and 300 in Teesside. The cuts are blamed on falling demand for steel. The company may revise its total job reduction in Scunthorpe from 1,200 to 750 after discussions with trade unions. Unions have proposed other cost saving methods such as flexible working arrangements and reductions in overtime pay and bonuses.
Sources
20 May 2011: BBC News
27 July 2011: Steel Guru
Citation
Eurofound (2011), TATA Steel Long Products, Internal restructuring in United Kingdom, factsheet number 72528, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72528.
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.
