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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Rubber And Plastic Products 22.29 - Manufacture of other plastic products
160 jobs Number of planned job losses
Announcement Date
18 April 2013
Employment effect (start)
19 April 2013
Foreseen end date
31 December 2013
Description
Chemical manufacturer Saudi Basic Industries (SABIC) - UK has announced that it is to cut 110 jobs from its plant in Teesside. Additionally, the company is to cut 50 contract and agency workers. The company has said that the move follows a general downturn in sales and follows similar moves by the organisations' competitors. Whilst job losses are expected to be imminent no date was given for when they are expected to be completed. This restructuring is part of a larger cost saving plan recently announced (see SABIC- EU2013).
Sources
18 April 2013: BBC News
Citation
Eurofound (2013), Saudi Basic Industries - UK, Internal restructuring in United Kingdom, factsheet number 75295, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75295.
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.
