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.
Transportation / Storage Land, Water And Air Transportation Land Transport And Transport Via Pipelines 49 - Land transport and transport via pipelines
15,000 jobs Number of planned job losses
Announcement Date
7 February 2003
Employment effect (start)
1 January 2003
Foreseen end date
31 December 2010
Description
Despite ongoing company restructuring for several years, Österreichische Bundesbahnen (ÖBB), the federal railways company owned by the state, is still facing dramatic financial problems which make further significant personnel reductions necessary. According to Martin Huber, the CEO of the ÖBB holding company, 4,700 employees were made redundant or pensioned off in 2006. Thus, ÖBB’s total wokforce decreased from about 53,000 in 2003 to 43,000 by the end-2006. However, it still remains unclear how many of these 10,000 job cuts have been dismissals. Of the current 43,000 employees it is planned that around 5,000 will be either shifted to another workplace within the ÖBB group or made redundant by 2010.
Sources
26 July 2006: Der Standard
25 July 2006: Kurier
8 February 2003: Der Standard
15 May 2007: Der Standard
Citation
Eurofound (2003), Österreichische Bundesbahnen ÖBB, Internal restructuring in Austria, factsheet number 59511, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59511.
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.
