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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.52 - Casting of steel
150 jobs Number of planned job losses
Announcement Date
17 August 2005
Employment effect (start)
Foreseen end date
31 December 2005
Description
Metallurgical company Válcovny plechu (Strip mill) in Frýdek-MÃstek intends to close one of its shops, a hot-rolling mill, by the end ot 2005. Restructuring operation implies 150 job losses. Trade unions are strongly against this decision and argue that the shop is profit-making. Unionists´fears are based also on a very bad labour market situation in the region having one of the highest unemployment rate (12,4%). According to the company personnel management, any major social impacts are not to be expected because lay-off workers should be granted a compensation amounting up to 10 average monthly wages.
Sources
17 August 2005: Hospodárske noviny
Citation
Eurofound (2005), Válcovny plechu, a.s. Frýdek-MÃstek, Internal restructuring in Czechia, factsheet number 62106, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62106.
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.
