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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
200 jobs Number of planned job creations
Announcement Date
5 February 2015
Employment effect (start)
Foreseen end date
Description
Wind turbine manufacturer, MHI Vestas Offshore Wind, has announced that it is to create 200 new jobs at its site in Newport (Isle of Wight). The news follows the award of a contract to produce 80m blades for a windfarm in Liverpool Bay. Production of the new blades is due to begin in May 2015, though it is not known when the job vacancies will be filled. The company had previously closed a turbine plant on the island in 2009 resulting in the loss of 425 jobs. The company attributed the previous closure to a lack of demand for wind turbines in the UK.
Sources
5 February 2015: BBC Website
Citation
Eurofound (2015), MHI Vestas Offshore Wind, Business expansion in United Kingdom, factsheet number 78546, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/78546.
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.
