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.
North East; Northumberland and Tyne and Wear; Sunderland
Location of affected unit(s)
Sunderland
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.32 - Manufacture of other parts and accessories for motor vehicles
100 jobs Number of planned job losses
Announcement Date
2 February 2018
Employment effect (start)
Foreseen end date
Description
Car interiors specialists International Automotive Consultants has announced plans to close its site in Sunderland. The decision is expected to result in the loss of 100 jobs. The decision has been taken due to the fall in orders from customers close to the site. The company is considering carrying out existing orders for customers at sites which are closer to those customers. Staff have been informed of the company's position and a formal collective redundancy consultation is reported to be underway. The company downsized at its site in Merseyside in 2017.
Sources
2 February 2018: Chronicle Live
Citation
Eurofound (2018), International Automotive Components, Closure in United Kingdom, factsheet number 93185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93185.
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.
