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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.1 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
1,200 jobs Number of planned job creations
Announcement Date
20 July 2017
Employment effect (start)
20 July 2017
Foreseen end date
31 July 2020
Description
On 31 July 2017, the German automotive supplier Schaeffler announced it will increase its investment in electric powered drive systems and create 1,200 new jobs by 2020, doubling the number of employees working on electric drive systems.
The investment in electrification, which will be around €500 million over the next 3 years, comes as a consequence of the diesel scandal and is an effort to step into branches such as energy storage solutions, robotics and automatic driving systems.
As of August 2017, Schaeffler has 32,000 employees in Germany.
Eurofound (2017), Schaeffler, Business expansion in Germany, factsheet number 91717, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91717.
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.
