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. 28.92 - Manufacture of machinery for mining, quarrying and construction
60 jobs Number of planned job losses
Announcement Date
7 May 2014
Employment effect (start)
7 May 2014
Foreseen end date
Description
Sandvik, a Swedish mining and construction equipment group, has announced that it will cut 60 jobs in its site in Svedala. The source reports that external consultants and workers employed through recruitment agencies will also be at risk of redundancy.
The Svedala factory manufactures stone crushers for the mining industry and, according to the source, the cuts are due to a decrease in demand for Sandvik’s products caused by a general decline in the mining market.
The ERM has reported on previous restructuring events at Sandviken in 2008, 2011, 2012 and 2012.
Sources
7 May 2014: Svenska Dagbladet
Citation
Eurofound (2014), Sandvik, Internal restructuring in Sweden, factsheet number 76968, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76968.
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.
