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 Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
500 jobs Number of planned job creations
Announcement Date
2 September 2017
Employment effect (start)
2 September 2017
Foreseen end date
2 September 2018
Description
The provider of logistic systems and solutions TGW Logistics Group, with headquarters in Wels (Upper Austria), has announced it will hire 500 employees in the upcoming fiscal year.
TGW provides logistics solutions for companies such as Amazon, Adidas, Zalando or Esprit. As online shopping is increasing, the company's economic prospects are improving. TGW recorded an all-time high in revenue last year when it increased turnover by 17 percent. However, TGW reports difficulties in finding suitable employees, as qualified personnel is getting harder to find in Upper Austria. In 2016 TGW initially planned to hire 600 employees, but could only find 400.
Currently, the company is also investing in a new site in Marchtrenk, Upper Austria, which should be in operation by early 2018.
Sources
2 September 2017: OÖ Nachrichten
2 September 2017: orf online
Citation
Eurofound (2017), TGW - Living Logistics, Business expansion in Austria, factsheet number 91865, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91865.
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.
