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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.30 - Manufacture of agricultural and forestry machinery
As a part of a global rearrangement of company production, several product lines of the company – battery-powered tools, robotised lawnmowers, lawnmower tractors – will be concentrated at the firm’s US and Israel units. The company press release does not mention the coronavirus crisis as a reason behind the closure – it only cites changing European market trends. But as recently as in March the firm was looking for new machine operators, which suggests that to closure may have been an abrupt decision, most likely a response to the virus crisis.
While the MTD plant does not have a trade union, a union representative at a nearby plant says that – according to information received – MTD workers are required to ramp-up the work effort until 7 August, to accelerate production. The laid-off employees will get termination payment, but it is unclear whether this applies to the whole workforce since many workers are employed as agency workers or under fixed-term contracts.bAccording to the same union representative, the actual job loss might be bigger than the 465 cited above, since the plant seasonally hired many additional workers on a temporary basis, sometimes raising the overall workforce above 1000, mostly during the spring and autumn months.
MTD is one of the most important employers in Nemesvámos.
Eurofound (2020), MTD, Closure in Hungary, factsheet number 100741, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/100741.
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.
