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.
Professional Services Professional, Scientific And Technical Activities Other Professional, Scientific And Technical Activities 74.90 - Other professional, scientific and technical activities n.e.c.
125 - 225 jobs Number of planned job losses
Announcement Date
6 October 2015
Employment effect (start)
31 December 2015
Foreseen end date
Description
R Stahl, a German product, system and service provider for explosion protection, will cut at least 120 jobs by the end of this year in Waldenburg, Weimar and Cologne. About half of these job cuts will affect temporary workers. In addition, the company will cut another 105 out of 2,000 jobs worldwide with the aim of recude cost.
The company generates about half of its turnover from the oil and gas industry but these industries have been suffering from low oil prices and thus investments in these segments have been reduced. According to the company, further 100 jobs may be at risk of redundancy. Currently, R Stahl employs 2,000 employees worldwide and 900 of these are working at its headquarter in Waldenburg.
Sources
6 October 2015: Handelsblatt online
6 October 2015: Focus Online
6 October 2015: Südwest Presse Online
6 October 2015: Stimme.de
Citation
Eurofound (2015), R Stahl, Internal restructuring in Germany, factsheet number 85138, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85138.
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.
