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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
350 jobs Number of planned job losses
Announcement Date
11 February 2015
Employment effect (start)
1 March 2015
Foreseen end date
31 December 2016
Description
French car maker PSA Peugeot Citroen has indicated it will apply a voluntary redundancy plan at its manufacturing plant at Villaverde (Madrid). The company aims to dismiss 350 workers by means of incentive measures. The company hopes to implement the dismissals between 1 March 2015 and 31 December 2016. If the voluntary redundancy plan does not achieve the targeted 350 dismissals, the company will take other measures to cut the plant workforce by more than 15%.
The Villaverde plant produced 60,000 cars last year and is predicted to produce around 80,000 this year. The main models produced are the Citroen C4 Cactus and Peugeot 207cc.
Sources
11 February 2015: El Mundo
Citation
Eurofound (2015), PSA Peugeot Citroën, Internal restructuring in Spain, factsheet number 78386, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78386.
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.
