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 Food And Beverage Manufacture Of Food Products 10 - Manufacture of food products
220 - 240 jobs Number of planned job losses
Announcement Date
1 February 2015
Employment effect (start)
1 February 2015
Foreseen end date
30 June 2015
Description
Stauffenberg, a German wholesale bakery, has become insolvent and as a result will dismiss its remaining 226 employees. A total of 140 full-time positions as well as 20 temporary agency workers will be made redundant at the company's site in Gelsenkirchen. In addition, between 80 and 100 staff will be made redundant in Daun.
Stauffenberg provides discounters with bakery products but has had financial problems for a year. In November 2014, the company’s biggest costumer Aldi cancelled its contracts with Stauffenberg. Moreover, no investor could be found.
Insolvency proceedings will start in February 2015. Meanwhile, 50 employees will stay with the company until summer to see to few remaining orders.
Sources
3 February 2015: FAZ
1 January 2015: Der Westen
Citation
Eurofound (2015), Stauffenberg, Bankruptcy in Germany, factsheet number 78251, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78251.
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.
