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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49.31 - Urban and suburban passenger land transport
900 jobs Number of planned job losses
Announcement Date
25 February 2014
Employment effect (start)
25 February 2014
Foreseen end date
Description
Budapest’s public transport company, Budapesti Közlekedési Vállalat (BKV), announced to cut 900 staff in its bus transportation services. This is more than the quarter of total staff in the bus sector.
From these 900 drivers, about 320 are to be taken over by country-wide coach service provider Volánbusz.
The measure is due to pressure to rationalize the local public transport system and a significant loss in capacities.
Sources
25 February 2014: Népszabadság
26 February 2014: Híradó
Citation
Eurofound (2014), Budapesti Koezlekedesi Vallalat, Internal restructuring in Hungary, factsheet number 76674, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76674.
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.
