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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
New offshoring locations
Not Available
74 jobs Number of planned job losses
Announcement Date
9 October 2013
Employment effect (start)
9 October 2013
Foreseen end date
31 December 2013
Description
US automotive supplier Honeywell Turbo Technologies is seeking to reduce its workforce by 74, initially by offering voluntary redundancy, due to the obsolescence of a product line at its Waterford plant.
The company will also introduce short-time working for the remaining staff due to the reduced manpower demand.
Honeywell aims to maintain the employment levels at the plant at 300.
As announced the company has already established a replacement product line without giving futher information on its location.
Sources
10 October 2013: Industrial relations news
9 October 2013: Irish times
Citation
Eurofound (2013), Honeywell Turbo Technologies, Offshoring/Delocalisation in Ireland, factsheet number 75967, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75967.
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.
