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 Food And Beverage Manufacture Of Beverages 11.05 - Manufacture of beer
240 jobs Number of planned job losses
Announcement Date
1 February 2018
Employment effect (start)
1 February 2018
Foreseen end date
1 February 2021
Description
The German brewery Warsteiner announced it will cut up to 240 jobs over the next 2 to 3 years. About 80 jobs will disappear at the company's headquarters in Warstein. The other 160 jobs will be spread over Warsteiner’s 20 operative business units within Germany, such as Warsteiner International and Distribution. Although the brewery will spread the job reduction measures over a wider timeframe, it expects all major decisions to be made within 1 year. At the same time, Warsteiner announced it will invest €250 million over the next five years in updating and modernising its production process.
Management and employee representatives will start negotiations shortly. They will try to avoid operative terminations but at this stage cannot rule anything out.
As of February 2018, Warsteiner has 1,500 employees in Germany.
Sources
1 February 2018: FAZ (E-Paper)
1 February 2018: Handelsblatt (online)
Citation
Eurofound (2018), Warsteiner, Internal restructuring in Germany, factsheet number 93192, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/93192.
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.
