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 27.90 - Manufacture of other electrical equipment
100 jobs Number of planned job creations
Announcement Date
17 October 2017
Employment effect (start)
17 October 2017
Foreseen end date
Description
Estonian-capital company Rifas, which is engaged in the production of control and process automation cabinets and other electrical equipment, is expanding its activities in Lithuania and is to create 100 new jobs in Panevezys. Currently the company employs 117 employees.
The company's core business is the manufacture and sale of electrical control and distribution units, and the design and installation of industrial automation equipment. Most of the production is exported to foreign markets (Norway, Finland, Austria, etc.). Rifas belongs to Harju Elekter group and it supplies its products to international companies such as Rolls-Royce Marine, Siemens Marine.
Sources
17 October 2017: Panevezys.lt
17 October 2017: Aina.lt
Citation
Eurofound (2017), Rifas, Business expansion in Lithuania, factsheet number 92401, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92401.
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.
