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 For Transport Equipment Manufacture Of Other Transport Equipment 30.11 - Building of ships and floating structures
200 jobs Number of planned job losses
Announcement Date
15 October 2015
Employment effect (start)
15 October 2015
Foreseen end date
15 November 2015
Description
Noryards Fosen has filed for bankruptcy, dismissing all 72 remaining permanent employees at the shipyard in Fosen. In addition, 128 employees that are already on temporary dismissals will have their dismissals made permanent, bringing the total job loss to 200. Over 80 employees were dismissed in 2014 and 2015 before the latest development. The company filed for bankruptcy after failing to reach an agreement with Boa Offshore to build a new subsea ship which would have secured activity at the shipyard in the immediate future. The company has large debts and has struggled for some time due to the crisis in the petroleum industry.
Sources
15 October 2015: Nettavisen
15 October 2015: Dagens Næringsliv
Citation
Eurofound (2015), Noryards Fosen, Bankruptcy in Norway, factsheet number 85188, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/85188.
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.
