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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
500 jobs Number of planned job creations
Announcement Date
22 July 2011
Employment effect (start)
1 August 2011
Foreseen end date
Description
The German machine tool manufacturer Trumpf is looking to hire 500 new employees worldwide. The group needs engineers, technicians and software developers, among others.
Trumpf is looking back on an excellent 2010-2011 fiscal year, increasing its sales by 51 percent. This brings the earnings of the company back on par with the earnings posted before the financial crisis. The company expects more growth to come. It has increased its number of employees to 8,550 on top of which it expects to hire another 500 employees worldwide.
Trumpf has production plants in Germany, Austria, China, Czech Republic, France, Great Britain, Japan, Mexico, Poland, Switzerland and the USA. Moreover, it has subsidiaries and branch offices in almost every European country, in North and South America and in Asia. The company is in the process of doubling its production capacity in China.
Sources
22 July 2011: Trumpf
19 October 2011: Trumpf
Citation
Eurofound (2011), Trumpf, Business expansion in World, factsheet number 72712, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72712.
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.
