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.
Retail Wholesale Trade, Except Of Motor Vehicles And Motorcycles Other Specialised Wholesale 46.72 - Wholesale Of Metals And Metal Ores
450 jobs Number of planned job losses
Announcement Date
24 April 2024
Employment effect (start)
24 April 2024
Foreseen end date
30 September 2025
Description
Thyssenkrupp Schulte, a subsidiary of Thyssenkrupp headquartered in Essen, is a German materials trading company that has announced plans to cut 450 jobs at various locations in Germany.
Declining and low demand for pure materials is cited as the reason for the job cuts. In the future, the business model is to be more strongly focused on services. The restructuring is to be completed by the end of September 2025. As part of the reorganisation, several sites are to be closed and one in five jobs will be cut.
Thyssenkrupp Schulte is part of the Essen-based industrial group Thyssenkrupp and has a total of 2,300 full-time positions at over 40 locations. These include Ratingen, Essen and Mülheim (NRW).
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.
