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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.10 - Manufacture of basic iron and steel and of ferro-alloys
100 jobs Number of planned job creations
Announcement Date
22 March 2017
Employment effect (start)
22 March 2017
Foreseen end date
31 December 2017
Description
Finnish stainless steel company Outokumpu is to create 100 new jobs in its newly established global business service centre in Vilnius by the end of 2017. The global service centre was officially opened on March 22, 2017. Currently the centre employs around 80 employees. According to the management, some of the supporting operations of the company will be centralised in Vilnius. The centre will provide financial management, IT, credit control, procurement and other services to the company. Outokumpu has its headquarters in Finland and currently employs around 11,000 people worldwide.
Sources
22 March 2017: Delfi Verslas
22 March 2017: 15min.lt
Citation
Eurofound (2017), Outokumpu, Business expansion in Lithuania, factsheet number 90566, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90566.
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.
