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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture Of Parts And Accessories For Motor Vehicles
No information on job gains number available
Announcement Date
24 December 2017
Employment effect (start)
Foreseen end date
Description
C&F Group is a car components and wind turbine manufacturer, headquartered in Galway (Ireland). The C&F group employs 984 people worldwide and has clients such as IBM, EMC, APC and so on. It is reported that C&F Group will shut down its factory which makes car components in Neunkirchen (Germany) and transfer those manufacturing activities to the Collinstown plant (Ireland). Approximately 90 workers in Neunkirchen (Germany) will be affected by this closure. Senior staff said that the company has considered potential investors who may prepare to take over the business. It is also reported that the EBITADA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of C&F is € 7 millions and the sales is € 91 millions. In 2018, the company expects to reach 8% growth for EBITDA and will focuses more on Asia and Australia markets.
Eurofound (2017), C&F Group, Reshoring in Ireland, factsheet number 89, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89.
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.
