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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36 - Water collection, treatment and supply
500 jobs Number of planned job losses
100 jobs Number of planned job creations
Announcement Date
10 October 2014
Employment effect (start)
Foreseen end date
Description
Coventry based utility company Severn Trent Water has announced plans to cut up to 500 jobs. The job cuts follow merging of the sewerage and water supply divisions. The 500 job losses will come from the company's management and support departments, though it is not yet known from which sites the job losses will occur. In addition to the 500 job losses, the company also announced that it is to create 100 jobs in front line roles.
The company has confirmed that it will work with the recognised trade unions (Unison, GMB and Unite) to minimise the requirement for compulsory redundancies; volunteers will be sought in the first instance from areas which have been selected for reductions.
Sources
10 October 2014: BBC Website
Citation
Eurofound (2014), Severn Trent Water, Internal restructuring in United Kingdom, factsheet number 77742, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77742.
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.
