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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.99 - Manufacture of other special-purpose machinery n.e.c.
46 jobs Number of planned job losses
Announcement Date
20 November 2013
Employment effect (start)
20 November 2013
Foreseen end date
Description
German engineering company Elumatec is to cut 46 jobs in Muhlacker-Lomersheim (Baden-Wurttemberg). The company filed for insolvency in October.
The affected employees will be offered to relocate to a transfer company, forced redundancies shall be avoided. Initially, the company announced to cut 100 jobs.
In total, Elumatec employs about 450 people in Muhlacker-Lomersheim and 720 worldwide.
Sources
20 November 2013: Pforzheimer Zeitung
2 October 2013: elumatec (press release)
Citation
Eurofound (2013), Elumatec, Bankruptcy in Germany, factsheet number 76230, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76230.
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.
