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 Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.72 - Manufacture Of Locks And Hinges
155 jobs Number of planned job losses
Announcement Date
29 March 2023
Employment effect (start)
29 March 2023
Foreseen end date
Description
Husky Technologies, an injection molding systems manufacturer headquartered in Canada, is planning to cut 155 jobs at its Dudelange, Luxembourg site. This restructuring results from the decision to close the site's special lock department due to poor economic performance.
Trade Unions have rejected the possibility of establishing a redundancy plan and are calling for meetings with the management in order to implement measures such as a job maintenance plan, with the aim of avoiding job losses.
The Dudelange site currently employs 1,000 employees, and the special lock department was relocated from Austria to Luxembourg in 2019.
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.
