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
120 - 150 jobs Number of planned job losses
Announcement Date
29 December 2020
Employment effect (start)
1 January 2021
Foreseen end date
31 December 2021
Description
As announced on 29 December 2020, the German automotive supplier Progress-Werk Oberkirch (PWO) will be cutting approximately 120 to 150 jobs at its plant in Oberkirch by the end of 2021 due to internal restructuring. The reduction is part of the strategy to stay competitive, as personnel costs in Germany have become significantly higher compared to its other locations. PWO is considering relocating its production from Oberkirch to its plant in the Czech Republic. PWO intends to achieve its job reduction goal mainly via a voluntary programme until the end of 2021. In order to remain competitive, the plant will also focus on digitalisation, big data analysis and machine learning in the future.
In October 2020, PWO already announced that it will be cutting 200 jobs until the end of 2020 via a voluntary programme (Progress-Werk, 2020).
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.
