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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32.3 - Manufacture of sports goods
New offshoring locations
120 jobs Number of planned job losses
Announcement Date
22 April 2005
Employment effect (start)
22 April 2005
Foreseen end date
1 June 2005
Description
In the course of a major outsourcing plan affecting pants in Austria and the Czech Republic, the management of the Austria-based Head Sport company will relocate the firmÂ’s tennis racket production activities from Kennelbach (Austria) to China. As a consequence, 111 blue- and 9 white-collar workers will be dismissed by June 2005. Experts suppose both the high exchange rate of the euro and significant price increases of basic materials being the primary reasons for the planned relocations. Research and development, marketing and sales of the tennis division will remain at the headquarters in Kennelbach, just as is the case for the whole ski production which employs almost 400 workers. The Austrian trade unions have demanded to establish a comprehensive social plan for the workers concerned.
Sources
22 April 2005: Der Standard
Citation
Eurofound (2005), Head Sport, Offshoring/Delocalisation in Austria, factsheet number 61525, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61525.
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.
