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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Leather And Related Products 15.12 - Manufacture Of Luggage, Handbags And The Like, Saddlery And Harness
New offshoring locations
Bosnia and Herzegovina, Croatia
120 jobs Number of planned job losses
Announcement Date
19 August 2024
Employment effect (start)
1 September 2024
Foreseen end date
31 December 2024
Description
Boxmark Leather, a supplier of leather covers for the automobile and aviation industry, will lay off 120 workers by the end of December 2024.
The reason for the layoffs is the lower demand in the German automotive industry. The company was successfully winning new deals and even recruiting at the beginning of the year, but later orders had fallen by up to 30%. Marjan Trobiš, CEO of Boxmark Leather, said that the outlook for the future has been falling weekly for all car manufacturers.
Trobiš has announced that the Slovenian company will no longer be involved in series production for the automotive sector in Slovenia. Instead, the company will focus solely on the aviation industry. Production for the automotive industry will be relocated to companies in Croatia and Bosnia and Herzegovina due to unsustainable future price pressures if production remains in Slovenia.
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.
