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
New offshoring locations
Slovakia, Turkey
500 jobs Number of planned job losses
Announcement Date
12 April 2005
Employment effect (start)
12 April 2005
Foreseen end date
30 September 2005
Description
The Japanese company Yazaki Saltano, producer of electric material for the automotive sector, announced the relocation of its Portuguese plants. The company decided a delocalisation to Slovakia and Turkey to meet cheaper labour force. Management evoked the lack of work to justify the measure. The measure will affect 500 workers (400 workers in plant of Ovar and 100 workers in plant of Vila Nova de Gaia), whose contracts will be terminated by mutual agreement. Between 1988 and 1999, the group Yazaki benefited of a State subsidy of €1.7 million. Yazaki Saltano is established in Portugal since 1986 where it employs 3,430 people.
Sources
12 April 2005: Correio da Manhã
Citation
Eurofound (2005), Yazaki Saltano, Offshoring/Delocalisation in Portugal, factsheet number 61514, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61514.
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.
