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.
Mining / Quarrying Mining And Quarrying Extraction Of Crude Petroleum And Natural Gas 06.10 - Extraction of crude petroleum
250 jobs Number of planned job losses
Announcement Date
22 April 2020
Employment effect (start)
22 April 2020
Foreseen end date
Description
Oil company Aker BP is terminating its contracts with 250 of its 700 consultants currently working for the company, in response to falling crude oil prices. Aker BP is reducing its activity, which will likely also entail dismissal of a significant number of permanent employees in the near future. Final numbers are yet to be announced and will depend on ongoing anlyses related to future levels of activity.
The scale and nature of the remaining restructuring will be decided after deliberations with union representatives. The union has stated that it expects contracts with consultants and temporary workers to be terminated before permanent employees are dismissed, and that the union is now focusing on ensuring that the restructuring is conducted in a fair manner.
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.
