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 Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.51 - Manufacture of electric domestic appliances
75 jobs Number of planned job losses
Announcement Date
25 May 2023
Employment effect (start)
25 May 2023
Foreseen end date
Description
AHT Cooling Systems, an Austrian refrigeration and freezer specialist based in Rottenmann, Styria, has notified the local employment service of the reduction of 75 jobs and is in close dialogue with the service. The layoffs affect both production and administrative areas.
AHT supplies its goods to supermarkets, discounters, ice cream, and beverage manufacturers worldwide. The company claims that both the price increases of the last few years and political uncertainties make the job cuts necessary. Fewer investments by important customers are counteracting full capacity utilization in the company, which is why they have started internal restructuring.
The layoffs intend to maintain the financial stability and competitiveness of the local company, after all attempts to retain employees failed.
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.
