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
105 jobs Number of planned job losses
Announcement Date
16 January 2006
Employment effect (start)
Foreseen end date
31 December 2006
Description
Over 100 workers are to lose their jobs at electrical firm Hotpoint's factory in Cambridgeshire. The parent company Indesit, which owns the factory in Peterborough, said it was planning to cut 105 jobs to help it remain profitable. The firm, employs about 1,500 people at the site, where the company's UK headquarters is also based. Those affected are the night shift, who are mostly factory workers, but some clerical staff will also be hit. The company is initially asking for voluntary redundancies, but said it cannot rule out compulsory cuts. The job losses will be phased throughout 2006.
Sources
16 January 2006: BBC News
Citation
Eurofound (2006), Hotpoint, Internal restructuring in United Kingdom, factsheet number 62798, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/62798.
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.
