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 49.10 - Passenger rail transport, interurban
123 jobs Number of planned job losses
Announcement Date
13 May 2014
Employment effect (start)
19 May 2014
Foreseen end date
31 December 2014
Description
Finnish train operator VR Track has announced it will cut 130 jobs in Finland. The job cuts will mainly be among service personnel and will not affect other staff such as conductors or train drivers.
According to the source, VR Track will make the cuts through direct dismissals, early retirement and moving full-time employees to part-time contracts. The job cuts are a result increased ticket sales at ticket vending machines, which has reduced the need for sales and personnel staff. The source reports that statutory negotiations with employee representative will begin next week.
Updated 2014/06/25: After concluding negotiations, VR Track has announced that 123 employees will be laid off. VR will close ticket sales in eleven locations in Finland.
Sources
16 June 2014: vrgroup.fi
14 May 2014: Svenska YLE
14 May 2014: HBL.fi
Citation
Eurofound (2014), VR Track, Bankruptcy in Finland, factsheet number 77009, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77009.
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.
