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
360 jobs Number of planned job losses
Announcement Date
19 March 2021
Employment effect (start)
19 March 2021
Foreseen end date
Description
Yazaki Wiring Technologies Slovakia, producer of automotive components, started with dismissal of employees in its factory in Michalovce. Redundancies are attributed to lower production of wire harnesses for Mercedes Benz Company as well as to the contract with BMW, which ended in 2020. In addition, the Covid-19 pandemic has led to a decreased demand for the company's products. In total, 360 jobs out of total 880 will be cancelled in Michalovce. According to the chair of the local trade union, the management agreed on a severance pay to dismissed workers in amount above the Labour Code standards.
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.
