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 46.7 - Other Specialised Wholesale
No information on job gains number available
Announcement Date
17 January 2022
Employment effect (start)
1 January 2019
Foreseen end date
31 December 2022
Description
In 2019, Telesteps, a Swedish company that specializes in telescopic ladders featuring patented triangular aluminum profiles, began relocating its production from China to Sweden. With an investment of half a million, the company set up a fully automated production line in Sweden, completing the move in 2022 and starting large-scale production of telescopic ladders. The strategic shift aimed to improve flexibility, control, and reduce long-term production costs compared to the previous operations in China. Telesteps embraced an environmentally conscious approach by working with suppliers within a five-mile radius of the newly constructed factory.Also it gained better control over production planning, leading to more seamless deliveries.
Eurofound (2022), Telesteps, Reshoring in Sweden, factsheet number 299, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/299.
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.
