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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
5,000 jobs Number of planned job losses
Announcement Date
10 October 2013
Employment effect (start)
1 January 2014
Foreseen end date
31 December 2014
Description
Israel-based Teva Pharmaceutical Industries group is to cut 5,000 jobs worldwide by the end of 2014.
As announced, in December 2013 there will be specific details on where the cost-cutting measures will take place. Currently, the company operates in about 60 countries.
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.
