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. 28.99 - Manufacture of other special-purpose machinery n.e.c.
70 jobs Number of planned job creations
Announcement Date
6 August 2014
Employment effect (start)
6 August 2014
Foreseen end date
31 March 2015
Description
Parker Hannifin, a global manufacturer of components for hydraulic and pneumatic systems, is to employ another 70 people at its Chomutov site in spring 2015. Since the beginning of 2014, the company has already created 180 new jobs as a result of gradually moving its production from several European countries (Austria, Finland, Netherlands, Sweden, and Switzerland).
According to the company's director, the firm is facing a shortage of quality and process engineers and other specialists. The Czech market is small and there is an unwillingness to move for work.
In the next three years, the company plans to double the turnover of the Chomutov plant and to invest CZK 20 million.
Parker Hannifin employs approximately 57,500 people in 50 countries around the world.
Sources
6 August 2014: Právo
Citation
Eurofound (2014), Parker Hannifin, Business expansion in Czechia, factsheet number 77491, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77491.
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.
