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
150 - 200 jobs Number of planned job losses
Announcement Date
23 October 2023
Employment effect (start)
23 October 2023
Foreseen end date
Description
The Norwegian manufacturer of automotive components, Kongsberg Automotive, has announced a global internal restructuring plan in which 150 to 200 jobs are to be cut.
The job cuts are to affect locations especially outside of Norway, such as in Dortmund, Germany, where a plant of the company will be shut down until the end of 2023. As of now, there is no information available about which other locations are affected by the restructuring, and what number of employees will be made redundant in the respective locations.
The reason behind this restructuring event is the company's aim to save costs.
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.
