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
800 jobs Number of planned job losses
Announcement Date
29 June 2022
Employment effect (start)
30 June 2022
Foreseen end date
31 December 2026
Description
Vitesco Technologies, a publicly traded automotive supplier for powertrain technologies announced around 800 job cuts by the end of 2026 at its production plant in Nuremberg, Bavaria, Germany.
According to the company, the Nuremberg plant is to be more automated and more efficiently positioned and the job cuts are necessary to maintain production in Germany. The general works council condemned the measure.
Vitesco Technologies headquartered in Regensburg, Germany employs around 37,000 people at 50 sites worldwide and has a turnover of around € 8,3 billion in 2021.
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.
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