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.
On 10 June 2016, Lufthansa Cargo, one of the biggest cargo airlines throughout Europe, announced plans to cut 500 jobs in Germany by the end of 2017. A total of 800 jobs will be cut worldwide. Mostly affected are jobs in administration and the ground handling units. The sector is suffering from overcapacities and fierce competition and the company expects to save €80 million per year through this restructuring. The management emphasises the importance of socially acceptable restructuring measures and dismissals due to operational reasons are to be avoided.
Lufthansa Cargo, subsidiary of Lufthansa and headquartered in Frankfurt, currently employs 4,600 staff in Germany. These are the fifth job cuts at Lufthansa since 2012 (see 05.2012, 01.2013, 10.2013 and 06.2016)
Sources
11 June 2016: Nürnberger Nachrichten
10 June 2016: Frankfurter Allgemeine Zeitung
10 June 2016: Kölner Stadt Anzeiger
Citation
Eurofound (2016), Lufthansa Cargo, Internal restructuring in Germany, factsheet number 87723, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87723.
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.
