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
160 jobs Number of planned job creations
Announcement Date
20 October 2021
Employment effect (start)
1 November 2021
Foreseen end date
31 December 2025
Description
German producer of automotive parts, Handtmann, has launched a new foundry plant in the Kechnec Industrial Park in Slovakia. New investment is worth about €90 million, and it is expected that about 160 new jobs will be created there by 2025. The plant currently employs around 40 people, with the first phase of serial production due to start in November 2021. About 1 million pressure die casting units to car engines and gear-boxes would be produced yearly in the new plant. Family Company Handtmann also employs 200 workers in its first factory in Slovakia built in Kosice in 2009.
Eurofound (2021), Handtmann, Business expansion in Slovakia, factsheet number 105483, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/105483.
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.
