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.
Administrative Services Office Administrative, Office Support And Other Business Support Activities Business Support Service Activities N.E.C. 82.91 - Activities of collection agencies and credit bureaus
100 jobs Number of planned job losses
Announcement Date
29 June 2018
Employment effect (start)
29 June 2018
Foreseen end date
Description
The Dutch company GGN, a debt collection agency, has recently announced that it will cut 100 jobs from its workforce of 700 empoyees. The company has been struggling in recent years and recently gained negative media attention due to the lack of transparency in its cases and under which circumstances cases are escalated to court. This, and the fact that timely payments have increased, means that demand for the GGN’s services has declined. While the workers have been informed of the cuts, it is not clear when they will commence or when the reorganisation will end.
Sources
Citation
Eurofound (2018), GGN, Internal restructuring in Netherlands, factsheet number 94705, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94705.
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.
