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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.73 - Manufacture of tools
New offshoring locations
India, Brazil
107 jobs Number of planned job losses
Announcement Date
1 September 2015
Employment effect (start)
Foreseen end date
Description
Swedish tool manufacturer, Dormer Tools, is closing its plant in Halmstad, Sweden. All 107 employees at the company and an additional 17 employees at Sandvik Coromant will be affected by the closure. The reason for the closure in Halmstad is that the production is being moved to India and Brazil. CEO Erling Gunnesson says that demand for the products is highest in China, India and South America and that sales are relatively low in the Nordic countries. "This was the best solution to improve profitability", Gunnesson says. Employer-employee negotiations started the day after the announcement and Per Ihlström, representative from the Swedish Metalworkers' Union, says the the discussions will include the timeline for the closure to ensure the best possible solution for each member.
Sources
1 September 2015: Sveriges Radio P4
Citation
Eurofound (2015), Dormer Tools, Offshoring/Delocalisation in Sweden, factsheet number 84596, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84596.
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.
