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 Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
450 jobs Number of planned job losses
Announcement Date
9 October 2012
Employment effect (start)
9 October 2012
Foreseen end date
30 November 2012
Description
Paramount Foods has gone into administration and will make 118 staff redundant following the loss of a major contract with a supermarket chain.
Administrators are looking for a buyer while the redundancies were made in order to sustain the business in the short term. 76 jobs will go in Deeside and another 42 in Salford.
UPDATE 23.11.2012: The administrators were not able to find a buyer for the business and the company will cease production at Deeside on 30 November making a total of 450 people redundant. Production at Salford will stop on 28 November.
Sources
23 November 2012: BBC News
9 October 2012: BBC News
Citation
Eurofound (2012), Paramount Foods, Bankruptcy in United Kingdom, factsheet number 74318, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74318.
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.
