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 - Manufacture of computer, electronic and optical products
300 jobs Number of planned job losses
Announcement Date
14 October 2014
Employment effect (start)
14 October 2014
Foreseen end date
31 October 2015
Description
Agilent Technologies, an American-based multi-national technology company, announced on 14 October 2014 its plans to terminate its operations in the area of Nuclear Magnetic Resonance (NMR), which will lead to 300 job losses within the next twelve months. It is envisaged that up to 100 job losses will take place in Norfolk, UK, and 80 at the company’s headquarters in Santa Clara, California, with the rest spread across company locations worldwide. The decision to terminate this area of business operations has been taken as a result of continued shortfalls in growth and profitability since the group entered the NMR business in 2010 following the acquisition of another company. In 2013, Agilent had 20,600 employees and operated in more than 100 countries. The ERM reported on previous internal restructuring cases at Agilent in 2003.
Sources
14 October 2014: Seeking Alpha
23 October 2014: Chemistry World
17 October 2014: QMed
Citation
Eurofound (2014), Agilent Technologies, Internal restructuring in World, factsheet number 77905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77905.
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.
