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
200 jobs Number of planned job losses
Announcement Date
14 January 2016
Employment effect (start)
15 January 2016
Foreseen end date
31 January 2016
Description
Softex, one of the leading Greek paper producers, has announced the closure of its site in Attiki with the loss of 200 jobs.
According to Greek media sources, Softex Administration announced on Thursday 14th January 2016, via telephone to its workers, the closure of its plant in Attiki (Botanikos) as the company never managed to recover from a fire last July that destroyed a part of the plant.
The Greek Ministry of Employment denounced Bolton Group's decision to close, apparently due to low compensation received from insurance companies following the fire, and announced its intention to exhaust all legal means for the Softex plant to continue operating.
Softex (Athens Paper mill) began paper production in the 1970s and in 2002 was bought out by the Bolton Group, an Italian-headquartered multinational consumer goods company.
Sources
15 January 2016: Naftemporiki
15 January 2016: Imerisia
15 January 2016: Avgi
Citation
Eurofound (2016), Softex, Closure in Greece, factsheet number 86156, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86156.
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.
