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.
Construction Specialised Construction Activities Specialised Construction Activities 43 - Specialised construction activities
235 jobs Number of planned job losses
Announcement Date
24 August 2013
Employment effect (start)
1 June 2013
Foreseen end date
Description
The plant engineering company Doubvava, situated in Upper Austria, had to file for insolvency, thus making all of its 235 employees redundant. The company had liabilities for €45.6 millions.
130 among the former company's employees are to be taken over by other regional companies: The Wels-based company FMT, specialised in industrial assembly, is to take over about 60 employees, thereby setting up a new subsidiary "Doubrava Industrieanlagenbau". Up to 70 employees (among them 13 apprentices) are to be taken over by the Attnang-based Inocon Technologie company. Inocon also takes over Doubrava's means of production.
Sources
24 August 2013: Oberösterreichische Nachrichten
Citation
Eurofound (2013), Doubrava, Bankruptcy in Austria, factsheet number 75812, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75812.
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.
