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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
245 jobs Number of planned job losses
Announcement Date
9 September 2004
Employment effect (start)
1 October 2004
Foreseen end date
15 December 2004
Description
A/S Vestfrost in Esbjerg manufactures and sell refrigerators and freezers worldwide. Decreasing sales in 2004 resulted in September 2004 in the redundancy of 245 employees, mostly unskilled workers. Unions (SiD and KAD) are disappointed since they concluded an agreement with the management earlier in the same year about varying weekly working time in order to avoid redundancies.
Sources
10 September 2004: Jyllands-Posten
Citation
Eurofound (2004), Vestfrost, Internal restructuring in Denmark, factsheet number 60530, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60530.
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.
