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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.31 - Manufacture of electrical and electronic equipment for motor vehicles
148 jobs Number of planned job losses
Announcement Date
22 September 2020
Employment effect (start)
22 September 2020
Foreseen end date
Description
Japanese-owned Yazaki Wiring Technologies Lietuva, which produces bunched cables for the automotive industry, is to dismiss 148 employees in Klaipeda. The company provided the information to the Lithuanian Employment Service on 22 September 2020. According to the management, the primary cause of the dismissals is the COVID-19 crisis. It hurt the company‘s production, as almost all car plants in Europe were closed when the pandemic started in the spring of 2020. The company has already reduced the number of employees once this year – it dismissed 89 employees in April 2020. Currently, the company employs 862 employees.
Yazaki Wiring Technologies is a world-leading manufacturer of cable equipment for some leading brands such as BMW, Opel, Mercedes-Benz as well as many Japanese and Korean car manufacturers.
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.
