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.
West Midlands; Herefordshire; Worcestershire and Warwickshire
Location of affected unit(s)
Cradley Print Ltd
Sector
Manufacturing Manufacture, Printing And Reproduction Of Recorded Media Printing And Reproduction Of Recorded Media 18 - Printing and reproduction of recorded media
166 jobs Number of planned job losses
Announcement Date
18 April 2006
Employment effect (start)
Foreseen end date
Description
More than 150 jobs have been cut at a Black Country printers. Cradley Print Ltd called in the administrators after talks with union leaders from Amicus broke down. Administrators from accountants and business advisers PKF have cut 166 jobs out of a total workforce of 222 in an attempt to save the business. A PKF spokesman said 56 posts had been retained to try to minimise disruption to customers. More redundancies have not been ruled out.
"We are continuing to trade and the company and will be advertising the business for sale," said the spokesman. 'The printing marketplace has a lot of over-capacity and this has been the case for some time'.
'We are assessing what can be saved of the business and what is available to sell.'
Sources
Citation
Eurofound (2006), Cradley Print Ltd, Internal restructuring in United Kingdom, factsheet number 63369, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63369.
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.
