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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
780 jobs Number of planned job losses
Announcement Date
13 March 2017
Employment effect (start)
13 March 2017
Foreseen end date
31 December 2017
Description
On March 13th, Senvion, the Germany-based wind turbine manufacturer, has announced plans to cut 780 jobs globally. Senvior which has the operating headquarters and administrative centre at Hamburg, employs about 4,830 employees worldwide.
The jobs reduction will affect mainly Germany where 730 job cuts will take place, affecting company’s facilities in Husum, Trampe and Bremerhaven. The internal restructuring includes the relocation of some production activities. Further 50 jobs will be cut abroad.
Jürgen Geissinger, the CEO of Senvion said that the restructuring is inevitable and will secure the long-term competitiveness of the company saving EUR 40 million annually.
Sources
13 March 2017: Renew Biz
13 March 2017: nawind power
13 March 2017: windPower Montly
13 March 2017: welt 24
Citation
Eurofound (2017), Senvion, Internal restructuring in World, factsheet number 90543, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90543.
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.
