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.
Scotland; South Western Scotland; East Ayrshire and North Ayrshire Mainland
Location of affected unit(s)
Prestwick
Sector
Manufacturing Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.16 - Repair and maintenance of aircraft and spacecraft
150 jobs Number of planned job losses
Announcement Date
1 May 2020
Employment effect (start)
10 June 2020
Foreseen end date
Description
GE Caledonian, the Scotland-based branch of GE Aviation, has cut 150 jobs at its production site in Prestwick. According to news media sources, the job cuts were made under a voluntary redundancy scheme.
A spokesperson for GE Aviation announced that redundancy consultations had started due to the impact of the Covid-19 pandemic, however, the exact number of redundancies was not confirmed by the company.
GE Caledonian is part of GE Aviation, the world's leading providers of jet engines for commercial and military aircraft. The Prestwick site specialises in the maintenance of jet engines.
Eurofound (2020), GE Caledonian, Internal restructuring in United Kingdom, factsheet number 101185, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101185.
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.
