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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15.20 - Manufacture of footwear
663 jobs Number of planned job losses
Announcement Date
12 February 2019
Employment effect (start)
1 March 2019
Foreseen end date
31 May 2019
Description
Swiss manufacturer of footwear Rieker has announced plans to close its plant in Lugoj (Timis County) in spring 2019. As a result, all 663 employees will be made redundant. According to a spokesperson for the company, the reasons behind the closure are the competitiveness of the labour market, the shortage of skilled workforce and the high costs of the employees’ transportation to the factory. The company stated that they will take all the statutory social protection measures.
Globally, Rieker has a workforce of about 20,000 people across 5 countries.
Eurofound (2019), Rieker, Closure in Romania, factsheet number 96678, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96678.
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.
