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 Furniture And Other Manufacturing Other Manufacturing 32.50 - Manufacture of medical and dental instruments and supplies
210 jobs Number of planned job losses
Announcement Date
23 October 2014
Employment effect (start)
Foreseen end date
31 March 2016
Description
Terumo Europe, the European part of the Japanese medical devices group Terumo, is going to cut 210 jobs at its headquarters in Haasrode, Leuven. The jobs of 94 white-collar workers, 70 blue-collar workers and 46 staff members are threatened. The employees all work in the department ‘Hospital and Laboratory’, producing needles and tubes for blood collection.
Reforms in the health sector, raising production costs and increasing competition from low-wage countries are mentioned as the causes for the restructuring. If the intended plan would be implemented, 260 employees could be impacted in Europe by March 2016, on a total of approximately 1,200 today (including thus the 210 employees in Belgium).
The company is committed to comply with all legal regulations and has started the information and consultation process with employee representatives, as foreseen by the law on collective dismissals.
Sources
23 October 2014: Terumo (Press Release)
23 October 2014: De Standaard
Citation
Eurofound (2014), Terumo, Internal restructuring in Belgium, factsheet number 77807, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77807.
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.
