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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41.20 - Construction of residential and non-residential buildings
102 jobs Number of planned job losses
Announcement Date
14 August 2017
Employment effect (start)
Foreseen end date
Description
South Wales-based building and maintenance company, Contract Services, has begun the process of liquidation which will result in the loss of 102 jobs across the two sites in Port Talbot and Caerphilly. Liquidators were called in on 11 August 2017 and the company ceased trading. The firm will formally enter voluntary liquidation on 22 August 2017. Despite an agreement in principle with the Welsh Government, the business has been unable to raise sufficient resources to continue.
The company had been in business for 221 years and was an early adopter of the Living Wage.
Sources
14 August 2017: BBC Website
Citation
Eurofound (2017), Contract Services, Bankruptcy in United Kingdom, factsheet number 91743, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91743.
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.
