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. 28.4 - Manufacture of metal forming machinery and machine tools
123 jobs Number of planned job losses
Announcement Date
14 September 2017
Employment effect (start)
14 September 2017
Foreseen end date
31 December 2017
Description
As announced on 14 September 2017, the German mechanical engineering company MAG will cut 123 jobs in Eislingen due to a restructuring programme implemented by the Fair Friend Group (FFG), which MAG is part of.
Management and works council started negotiations a year ago but could not agree on a partial retirement programme. However, they now have agreed on a socially acceptable and voluntary staff reduction. Employees, who are willing to leave the company voluntarily, must accept the agreed upon social plan by the end of September.
Currently MAG has 800 employees.
Sources
14 September 2017: Südwest Presse (online)
Citation
Eurofound (2017), MAG IAS, Internal restructuring in Germany, factsheet number 91934, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91934.
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.
