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
2,000 jobs Number of planned job losses
Announcement Date
30 June 2003
Employment effect (start)
Foreseen end date
1 December 2006
Description
Network Rail is a not-for-profit company that took over Railtrack in 2002. As part of a slash costs plan, 2,000 jobs will be shed by the end of 2006. On 14 November 2003, 603 managers (15% of the managerial team) have been sacked in a quick-fire 24-hour cull. After complaints from unions, the Railway Inspectorate has expressed concerns about the safety assessment of the redundancies, in particular the departure of 60 staff in safety-critical roles. Network Rail announced in August 2004 a further 890 redundancies as a part of the restructuring. The job losses came about as the company dismantled its regional structure and took the day-to-day upkeep of tracks and stations in-house.
Sources
11 August 2004: The Guardian
31 January 2004: The Guardian
14 November 2003: The Guardian
30 June 2003: The Guardian
Citation
Eurofound (2003), Network Rail, Internal restructuring in United Kingdom, factsheet number 59619, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59619.
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.
