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 25.21 - Manufacture of central heating radiators and boilers
200 jobs Number of planned job losses
Announcement Date
7 December 2017
Employment effect (start)
1 January 2018
Foreseen end date
Description
The US multinational General Electric Power, has announced a global restructuring of its energy business. This process will lead to the dismissal of 200 workers at its plant in Setúbal, Portugal, which manufactures boilers and 'smart' energy meters. The main reason is linked to the significant decrease in demand for thermoelectric power generation units.
Since 7 December 2017, the company has entered a consultation process with the unions. No timeline has yet been announced for the redundancies.
Sources
7 December 2017: TVI online
Citation
Eurofound (2017), General Electric, Internal restructuring in Portugal, factsheet number 93010, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93010.
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.
