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
150 jobs Number of planned job losses
Announcement Date
6 December 2005
Employment effect (start)
Foreseen end date
Description
Bookham Technology has announced the decision as part of its transfer of business to China. The decision means 150 jobs are to go at a fibre-optics plant in Paignton south Devon. The transfer from Paignton to China will take place over the next nine months. The 200 staff who will remain at the site will be focusing largely on research and development, the company said. In its heyday, when the plant was owned by Nortel Networks, almost 5,000 people were employed at the Paignton site. But by 2002, when Bookham Technology took over, 4,000 of those jobs had gone. In 2004, Bookham announced that it was shifting manufacturing to China and 600 jobs would go as a result.
Sources
6 December 2005: BBC News
Citation
Eurofound (2005), Bookham Technology, Offshoring/Delocalisation in United Kingdom, factsheet number 62648, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62648.
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.
