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 Computer, Electronic And Optical Products 26.2 - Manufacture of computers and peripheral equipment
110 jobs Number of planned job losses
Announcement Date
4 November 2014
Employment effect (start)
1 July 2015
Foreseen end date
31 December 2015
Description
As announced on 4 November 2014, STI Group is to cut 110 out of 410 jobs in Grebenhain. The job reduction is going to be implemented in the second half of 2015.
There are several reasons for the reduction. According to the management, the company suffers from changing consumer behavior, increasing costs for energy and material and competition due to e-commerce.
Until 2020, the company intends to invest €100 million in its production sites. STI Group is a producer of packages and displays and employs around 2,000 people in total.
Sources
4 November 2014: Fuldaer Zeitung
Citation
Eurofound (2014), STI Group, Internal restructuring in Germany, factsheet number 77797, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77797.
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.
