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.
Information / Communication Information Service Activities Information Service Activities 63 - Information service activities
120 jobs Number of planned job losses
Announcement Date
7 June 2017
Employment effect (start)
7 June 2017
Foreseen end date
Description
The European Central Bank (ECB) plans to outsource its IT-division and thereby cut 120 jobs in Germany, affecting mainly temporary agency workers. Many have worked for the bank for several years, but since a new law came into force on 1 April 2017, the maximum duration for the leasing of personnel from temporary agencies was set at 18 months.
On 7 June 2017, the trade union International and European Public Services Organisation (IPSO) called for a demonstration. IPSO also criticised the lower payment of the temporary agency workers compared with the permanent staff of ECB.
However, there is no confirmation of these 120 job cuts from the ECB.
Sources
7 June 2017: Badische Zeitung
7 June 2017: Süddeutsche Zeitung
14 July 2017: IPSO press release
Citation
Eurofound (2017), European Central Bank, Outsourcing in Germany, factsheet number 91617, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91617.
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.
