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 29.3 - Manufacture of parts and accessories for motor vehicles
250 jobs Number of planned job losses
Announcement Date
7 October 2020
Employment effect (start)
7 October 2020
Foreseen end date
31 December 2024
Description
Automotive supplier Marelli announced it will cut around 250 jobs at its German site in Reutlingen. The manufacturer of front and rear lighting explained its decision as resulting from rising cost pressure partly resulting from the COVID-crisis. The jobs cuts are to be carried out in a socially acceptable manner. The company will initiate a voluntary redundancy programme offering severance payments, an early retirement scheme and will not fill vacant posts. To save on costs, the company additionally announced it would lower weekly working hours from 35 to 30 hours for all employees.
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.
