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 32.50 - Manufacture of medical and dental instruments and supplies
New offshoring locations
Tunisia
97 jobs Number of planned job losses
Announcement Date
21 March 2013
Employment effect (start)
22 March 2013
Foreseen end date
31 December 2013
Description
Medical equipment manufacturer Baxter Malta is to dismiss 97 of its 600 employees by the end of 2013. There are also plans to relocate its production lines to Tunisia due to lower costs.
Baxter announced that during 2012 it had incurred losses of €2 million and projected that it would incur further losses unless it resorts to restructuring. Therefore the company aims to terminate the jobs of 83 production staff and 14 other managerial jobs.
Baxter Malta is a subsidiary of Baxter International Inc. which in 2012 recorded sales of $14.2 billion and operates in more than 100 countries. The firm employs some 50,800 workers worldwide.
Sources
21 March 2013: www.di-ve.com/
22 March 2013: www.timesofmalta.com
21 March 2013: www.timesofmalta.com
21 March 2013: www.orizzont.com.mt
Citation
Eurofound (2013), Baxter (Malta), Offshoring/Delocalisation in Malta, factsheet number 75167, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75167.
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.
