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
176 - 240 jobs Number of planned job losses
Announcement Date
19 January 2017
Employment effect (start)
19 January 2017
Foreseen end date
31 December 2018
Description
On 19 January 2017, automotive supplier and producer of anti-vibrations systems Vibracoustic announced to close its site in Breuenberg by the end of 2018. These measure will affect 240 employees. All 176 jobs from the production site will be cut and 64 employees from the IT division, material development and administration departments will be transferred to the company's site in Weinheim.
Vibracoustic will transfer the production to other European sites. According to the management, the closure is unavoidable in order to restore competitiveness. Already in 2014 and 2015, the company, which was then called Trelleborg Vibracoustic, cut a total of 245 jobs in Breuenberg, see (Trelleborg Vibracoustic, 2013); (Trelleborg Vibracoustic, 2014).
Vibracoustic currently employs around 1,600 employees in Germany and about 10,000 worldwide.
Sources
19 January 2017: echo online
20 January 2017: Automobil Produktion
Citation
Eurofound (2017), Vibracoustic, Closure in Germany, factsheet number 90264, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90264.
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.
