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. 28.3 - Manufacture of agricultural and forestry machinery
400 jobs Number of planned job losses
Announcement Date
21 September 2015
Employment effect (start)
Foreseen end date
Description
Staffordshire based manufacturer of construction equipment JCB has announced plans to cut its workforce by 400. The company stated that it has been forced into this measure due to a dramatic slow down in the global market for construction equipment. JCB has eight factories in Staffordshire, one in Derbyshire and two in Wrexham, North Wales. Although it has not been publicly announced where the job losses will come from, it is being reported that the decision will affect sites across the UK. Formal consultation with trade unions has already started as determined by legislation. The GMB union has stated that it will do what it can to avoid the need for compulsory redundancies and will attempt to lessen the effect on the workforce.
Sources
21 September 2015: BBC Website
Citation
Eurofound (2015), JCB, Internal restructuring in United Kingdom, factsheet number 84959, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84959.
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.
