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 Chemicals And Pharamceuticals Manufacture Of Basic Pharmaceutical Products And Pharmaceutical Preparations 21 - Manufacture of basic pharmaceutical products and pharmaceutical preparations
205 jobs Number of planned job losses
Announcement Date
24 November 2016
Employment effect (start)
24 November 2016
Foreseen end date
31 December 2017
Description
Pharmaceutical manufacturer Actavis has announced that it will be cutting a total of 205 jobs from its two sites in Malta. It has been reported that the site in Ħal Far will be shut down following 170 job cuts, consisting primarily of operators, lab analysts and employees in the IT and human resources departments. The other Actavis site in Bulebel will be cutting a further 35 jobs.
Actavis, which was acquired by Teva Pharmaceuticals Industries in August 2016, stated that these redundancies are the result of a consolidation exercise to optimize network efficiency, reduce costs, and to better meet market demand.
The Government and representing union, the GWU, claimed that they had not been consulted about Teva’s plans to cut jobs. The Government announced that it has already identified a number of alternative employment opportunities for those affected by these redundancies, while the GWU declared that it will continue to defend the interests of its workers and help them seek alternative employment.
Sources
24 November 2016: Times of Malta
24 November 2016: TVM
Citation
Eurofound (2016), Actavis, Internal restructuring in Malta, factsheet number 89238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89238.
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.
