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
140 jobs Number of planned job losses
Announcement Date
15 April 2005
Employment effect (start)
Foreseen end date
Description
Some 140 jobs are to be lost with the closure of an electric motors manufacturing plant in Bray, Co Wicklow, despite union attempts to keep the plant open. Workers at the AO Smith plant were told of the closure of the factory which has been in the town for 29 years. A union representative blamed the corporate culture of relocating to eastern Europe and the Far East in search of cheap labour and the fast buck for the closure. The company said it had been forced to make the decision because it had been operating the plant at a loss.
Sources
20 April 2016: The Irish Times
Citation
Eurofound (2005), AO Smith, Closure in Ireland, factsheet number 61430, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61430.
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.
