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 Computer, Electronic And Optical Products 26.11 - Manufacture of electronic components
227 jobs Number of planned job losses
Announcement Date
23 October 2012
Employment effect (start)
Foreseen end date
30 November 2012
Description
Ryoka Global Europe, a manufacturer of plastic components for TV maker Foxconn Slovakia and Sony, is closing its plant in Nitra-North Industrial Park. As a result all 227 employees will be dismissed by the end of November 2012.
The closure is attributed to low efficiency of the company due to insufficient orders from Foxconn. 10 million euro was invested in the construction of the plant in 2007.
The management has pledged to pay the 13th salary, reimburse unused holidays and compensate the workers according to the Labour Code.
Sources
23 October 2012: Hospodárske noviny
23 October 2012: SME
Citation
Eurofound (2012), Ryoka Global Europe, Closure in Slovakia, factsheet number 74399, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74399.
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.
