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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Publishing Activities 58.13 - Publishing of newspapers
80 jobs Number of planned job losses
Announcement Date
17 September 2020
Employment effect (start)
Foreseen end date
Description
Saint-Paul Luxembourg S.A. publishes the oldest newspaper in Luxembourg, the Luxemburger Wort. The company announced a social plan in mid-September that concerned 80 out of 330 employees working at Saint-Paul. Finally, the management highlighted that only 6 jobs would be saved. Long negotiations between the management and the trade unions LCGB and OGBL to conclude a social plan failed within the context of the so-called concialiation procedure, where social plans are negotiated in Luxembourg. The company has stated that the restructuring was due to increasing digitalisation and especially the Covid-19 crisis that has entailed a loss of revenues for the company.
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.
