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. 28.9 - Manufacture of other special-purpose machinery
276 - 325 jobs Number of planned job losses
Announcement Date
29 September 2017
Employment effect (start)
2 October 2017
Foreseen end date
31 July 2018
Description
Polish industrial boiler manufacturer Rafako has announced that it will cut up to 325 jobs via a collective dismissal programme at its facility in Racibórz. The programme will be implemented by the end of March 2018. The company has revealed the aim of the programme is to adjust its employment level to the current market situation, and improve financial and organisational effectiveness of the company. It is estimated that this stage of the restructuring programme will help to generate annual savings of PLN 25 million (EUR 5.89 million USD 7.09 million) as of the second quarter of 2018. The first stage of reorganisation, which was completed at the end of January 2017, included a voluntary dismissal programme and affected 128 jobs. Currently, the company employs 2,255 workers.
Update 28/09/2017: After negotiations with the local trade unions, Rafako announced that the collective dismissal programme will affect up to 276 jobs and it will be implemented between 2nd October 2017 and 31th July 2018. The financial conditions of the programme are expected to be negotiated by the end of 2017.
Sources
8 September 2017: Wirtualny Nowy Przemysł
28 September 2017: Wirtualny Nowy Przemysł
Citation
Eurofound (2017), Rafako, Internal restructuring in Poland, factsheet number 92177, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92177.
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.
