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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
615 jobs Number of planned job losses
Announcement Date
24 February 2005
Employment effect (start)
Foreseen end date
Description
Works council sources reported that Mahle, the automotive component manufacturer, is planning to cut 615 jobs at its Alzenau, Lorch, Markgroningen and Ohringen sites. This announcement comes as a part of a package of planned cost-saving measures, through which the company aims to achieve a return on capital of 17%. Further possible steps under negotiation are reported to be reductions in salaries and bonuses and the scrapping of additional pay for overtime. Mahle counts around 35,000 employees altogether, including 9,000 in Germany.
Sources
24 February 2005: Frankfurter Allgemeine Zeitung
Citation
Eurofound (2005), Mahle, Internal restructuring in Germany, factsheet number 61187, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61187.
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.
