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.
Construction Specialised Construction Activities Specialised Construction Activities 43.21 - Electrical installation
120 - 130 jobs Number of planned job losses
Announcement Date
11 April 2016
Employment effect (start)
11 April 2016
Foreseen end date
31 December 2016
Description
Alanod, global leader in high reflective surface-finished aluminium coil, announced plans to cut 130 jobs by the end of 2016. According to the management dismissals have become necessary due to massive decline in order volumes and the production of aluminium reflectors, the company’s core business, is suffering from rapid development of LED technology. To ensure that Alanod remains an industry leader, the company will focus future development on design and technical products and the solar sector.
Job cuts will involve all areas of the company. Negotiations with the works’ council are still in its early stages, however, the executive board wants to reach an agreement as soon as possible. Compulsory redundancies cannot be avoided.
Alanod, headquartered in Ennepetal-Oelkinghausen (North Rhine-Westphalia), currently employs 450 staff worldwide and a total of 355 in Germany.
Sources
12 April 2016: Radioenneperuhr.de
12 April 2016: Der Westen (online)
Citation
Eurofound (2016), Alanod, Internal restructuring in Germany, factsheet number 86986, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86986.
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.
