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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.3 - Manufacture of wiring and wiring devices
160 jobs Number of planned job losses
Announcement Date
19 November 2019
Employment effect (start)
1 December 2019
Foreseen end date
31 December 2019
Description
The Finnish cable harnesses producer PKC Group announced 160 job cuts by the end of 2019, at its production facility in Starachowice, Poland. According to the company, the restructuring programme is due to declining demand for cable harnesses. The company have not announced redundancy plans, as they will dismiss only workers, whose contracts end by the end of the year. The management has warned that there might be further redundancies in 2020.
PKC Group designs and produces wiring systems mainly for the automotive industry, including companies such as Volvo, Scania and MAN Bus. The group has 23 production units in 4 continents with nearly 30,000 employees.
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.
