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. 28.22 - Manufacture of lifting and handling equipment
160 jobs Number of planned job losses
Announcement Date
13 February 2015
Employment effect (start)
19 April 2015
Foreseen end date
19 April 2015
Description
Monitor Elevator Solutions, a company producing components for lifts, will dismiss the 160 employees working at its sites of Vergiate (Varese) and Baranzate (Milan). The exits will affect mainly blue-collar workers.
The proprietors announced they requested the commencement of an insolvency proceeding with a view to closing the company due to a reduction of orders.
Unions are astonished by the decision as short-time working schemes were agreed few months previously in order to address the crisis. They aim at negotiating alternative solutions, which would allow the continuation of the activities.
Sources
20 October 2014: varesereport
13 February 2015: Rassegna Sindacale
23 March 2015: Varesenews
Citation
Eurofound (2015), Monitor Elevator Solutions, Bankruptcy in Italy, factsheet number 91249, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91249.
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.
