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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
218 jobs Number of planned job losses
Announcement Date
21 May 2014
Employment effect (start)
8 April 2014
Foreseen end date
31 May 2014
Description
Producer of electric domestic appliances FagorMastercook will implement a collective dismissal programme resulting in the loss of 1,118 jobs by the end of May 2014.
Workers who are made redundant will receive a severance package. The company announced that the reason for the redundancies is because the factory is no longer profitable due to a shrinking order book and deterioration of situation in the domestic appliances market.
The factory in Wrocław was founded in 1946 and was state-owned until it was acquired by Fagor in 2002.
The ERM reported on restructurings at the company in 2006, 2005a and 2005b.
Update 21.05.2014: The official receiver of FagorMastercook announced that the company has signed a new contract and as a result 900 jobs will be saved. The source reports that from 15 June 2014 the factory will produce household appliances for a company from Algeria. As a result of this contract, the factory will be operational until at least mid-August 2014, but the official receiver said that there is a chance to extend the contract and continue production until the end of 2014. By the end of April 2014, over 130 jobs were cut through the collective dismissal programme and 100 additional jobs are to be cut by May 2014.
Sources
8 April 2014: Rzeczpospolita
8 April 2014: Gazeta Wyborcza
21 May 2014: Rzeczpospolita
Citation
Eurofound (2014), FagorMastercook, Internal restructuring in Poland, factsheet number 76826, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76826.
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.
