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 Basic Metals 24.10 - Manufacture of basic iron and steel and of ferro-alloys
1,600 jobs Number of planned job losses
Announcement Date
27 November 2019
Employment effect (start)
Foreseen end date
Description
Tata Steel has announced to cut 1,600 jobs in the Netherlands. Tata Steel wants to save €175 million on personnel costs as a part of a major restructuring. This major restructure is necessary due to the rising cost of raw materials and the decline in demand for steel. Two third of the 1,600 job cuts will be office and management positions.
This restructuring can lead to some issues since the union ‘FNV Metaal’ will not be accepting compulsory dismissals, and the union underlines that it has an agreement with Tata Steel IJmuiden stating that until 1 October 2021 no employees of Tata Steel IJmuiden can be forced to leave.
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.
