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 Wearing Apparel 14.13 - Manufacture of other outerwear
300 jobs Number of planned job losses
Announcement Date
27 January 2020
Employment effect (start)
27 January 2020
Foreseen end date
29 February 2020
Description
Romanian manufacturer of clothing and underwear Modexim has announced plans to close its plant in Craiova (Dolj County) by the end of February 2020. Almost 300 employees will be dismissed by collective redundancy. The company stated that they would respect all the statutory social protection measures.
According to a member of the National Union Bloc (Blocul Național Sindical) the reasons behind the closure are the skilled workforce shortages, the increase of the minimum wage and lack of orders due to labour costs. In an interview, one representative of Craimodex Trade Union (representing the employees from Modexim), who took part at the negotiations with the employer said that the redundancy process is due to start on Monday which is a very tight timeframe and which is out of the ordinary.
The County's Territorial Labour Inspectorate has confirmed the collective redundancy.
Eurofound (2020), Modexim, Closure in Romania, factsheet number 99731, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99731.
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.
