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 Fabricated Metal Products, Except Machinery And Equipment 25.9 - Manufacture of other fabricated metal products
175 jobs Number of planned job losses
Announcement Date
25 October 2012
Employment effect (start)
25 October 2012
Foreseen end date
Description
As announced on October 25, 2012 ThyssenKrupp subsidiary ThyssenKrupp Bilstein Suspension will cut 175 jobs in Olpe and Hagen, North Rhine-Westphalia.
The measures are said to be necessary to avoid the disposal of ThyssenKrupp’s spring and buffer section. 65 people will be made redundant in Lütringhausen/Olpe, 110 in Hohenlimburg/Hagen. The company aims to avoid forced redundancies, but did not rule them out. Additionally, weekly working time will increase from 35 to 39.5 hours.
Sources
25 October 2012: Siegener Zeitung (online)
Citation
Eurofound (2012), ThyssenKrupp Bilstein Suspension, Internal restructuring in Germany, factsheet number 74401, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74401.
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.
