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 Coke And Refined Petroleum Products Manufacture Of Coke And Refined Petroleum Products 19.1 - Manufacture of coke oven products
120 jobs Number of planned job losses
Announcement Date
12 December 2014
Employment effect (start)
Foreseen end date
31 December 2014
Description
UK supplier of solid fuels and bulk material logistics, Hargreaves Services will close Monckton Coke and Chemical Company Limited. The coke making plant is located in South Yorkshire. Closure of the Monckton plant is the result of finalisation of a Group Simplification Plan which will result in the loss of around 120 jobs.
A mandatory 45-day formal consultation process about the future of the plant began on 27 October 2014. At the conclusion of the consultation period, the company has announced that production will cease and the plant will close in December 2014. In a statement to investors, the company has stated that it remains committed to exploring alternative employment opportunities for staff, both within the Hargreaves Group and externally. The company, head-quartered in County Durham, has told investors that the closure is due to falling forward prices for coal and low consumer demand.
12 December 2014: Hargreaves Services (Press Release)
Citation
Eurofound (2014), Monckton Coke and Chemical Company, Closure in United Kingdom, factsheet number 78002, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78002.
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.
