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 Furniture And Other Manufacturing Other Manufacturing 32.40 - Manufacture of games and toys
103 jobs Number of planned job losses
Announcement Date
7 November 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 March 2013
Description
Steiff, the German multinational teddy bear manufacturer, will close its factory in Portugal, located in the municipality of Oleiros. This closure will lead to a collective dismissal of all 103 workers, almost all of them women.
According to statements from the mayor José Marques, there aren't many jobs in the area and these women are left with no alternative to unemployment. He stressed that the premises that house the factory are available free of charge by the city council, the factory has many orders and stable finances. He also added that the factory is sustainable and he expects the German chancellor to criticize the company’s move during her visit to Portugal the following week.
The company will focus on the manufacturing of teddy bears in its factories in Tunisia and Germany.
Sources
7 November 2012: Correio da Manhã
Citation
Eurofound (2012), Steiff, Closure in Portugal, factsheet number 74464, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74464.
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.
