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.
Utilities Water Supply; Sewerage, Waste Management And Remediation Activities Water Collection, Treatment And Supply 36.0 - Water collection, treatment and supply
60 - 100 jobs Number of planned job losses
Announcement Date
5 September 2020
Employment effect (start)
30 September 2020
Foreseen end date
30 September 2020
Description
The water treatment plant BWT has called for a savings and restructuring programme, cutting 60 jobs by the end of September 2020 and redistributing or cutting additional jobs, resulting in a total number of 100 affected jobs. The majority of the restructuring will concern the holding company which employs 350 of the total 800 employees at the site. In addition, the marketing department will be outsourced to its own spin-off, Planet Blue Marketing GmbH. 80% of the company's turnover depend on business customers, largely from tourism. The decline in business due to COVID-19 has caused heavy losses. BWT is one of the biggest employers in the region.
Eurofound (2020), BWT, Internal restructuring in Austria, factsheet number 101824, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101824.
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.
