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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36.0 - Water collection, treatment and supply
50 jobs Number of planned job losses
Announcement Date
5 December 2017
Employment effect (start)
1 February 2018
Foreseen end date
1 March 2018
Description
Kauno vandenys, the municipal company providing water supply and wastewater services, intends to dismiss 50 employees in Kaunas by 1 March 2018. The company is currently undergoing restructuring procedures intended at optimising and making more efficient use of available labour resources. According to the management, the two existing divisions of the company will be merged into one unit that will start operations on 1 February 2018. Currently the company employs 434 employees.
Sources
5 December 2017: Verslo zinios
5 December 2017: 15min.lt
Citation
Eurofound (2017), Kauno vandenys, Internal restructuring in Lithuania, factsheet number 92730, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92730.
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.
