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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
260 jobs Number of planned job losses
Announcement Date
11 March 2014
Employment effect (start)
11 March 2014
Foreseen end date
Description
German steel company ThyssenKrupp will cut 260 jobs by closing its Railway section until the end of the accounting year 2014/2015. This is a result of cost pressure.
ThyssenKrupp failed to find an investor for its Railway/Construction sector and will now discontinue production of rails, while the construction section will be kept up. Talks with worker representatives have been announced.
Eurofound (2014), ThyssenKrupp Material Services, Closure in Germany, factsheet number 76716, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76716.
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.
