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 Wood And Paper Materials Manufacture Of Paper And Paper Products 17 - Manufacture of paper and paper products
100 jobs Number of planned job losses
Announcement Date
22 May 2015
Employment effect (start)
22 May 2015
Foreseen end date
Description
Mayr-Melnhof, manufacturer of folding boxes and cardboard, announced the closure of its production in Gunskirchen, Upper Austria, by the end of this year, leading to 100 job losses.
For many the step comes as a surprise as Mayr-Melnhof announced a record level of profits and increase in sales only in March 2015. Production and machinery will be relocated to Vienna by the end of 2015. A quarter of the 135 employees have been offered to be transferred to Vienna. Negotiations on a social plan for affected employees have already started.
The production site was run as family-owned business since 1969 until Mayr-Melnhof took over the company in 2006. Despite continued restructuring the production site is not operating profitably, says a company spokesperson.
Sources
22 May 2015: Der Standard
23 May 2015: OÖ Nachrichten
Citation
Eurofound (2015), Mayr-Melnhof, Closure in Austria, factsheet number 83604, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83604.
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.
