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 Food And Beverage Manufacture Of Food Products 10.11 - Processing and preserving of meat
340 - 350 jobs Number of planned job losses
Announcement Date
18 February 2014
Employment effect (start)
28 February 2014
Foreseen end date
31 March 2014
Description
Croatian food company Podravka is to cut around 340 jobs in 2014. The company announced that it intends to create the conditions for Podravka Group's future growth and development.
The redundancy programme for 2014 will affect 340 workers from Podravka, Danica and Belupo companies and a total of HRK 45 million (EUR 5.9 million) will be earmarked for implementing the programme. Three models of implementation are envisaged: a) severance payment amounting to net HRK 5,000.00 (EUR 660) for each year spent at Podravka Group, if the worker decides to accept the termination as on 31 March 2014; b) severance payments in accordance with the Law on Employment and use of regulated period of notice, and c) workers who in 2014 comply with retirement conditions are offered the possibility to purchase additional pensions, in accordance with the Law on Life Redundancy Payments. By providing severance payments which are higher than those required by law, Podravka intends to acknowledge the workers’ contribution to the development of the company.
Sources
18 February 2014: Lider
18 February 2014: Business.hr
Citation
Eurofound (2014), Podravka, Internal restructuring in Croatia, factsheet number 76633, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76633.
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.
