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 Food And Beverage Manufacture Of Food Products 10.84 - Manufacture of condiments and seasonings
2,700 jobs Number of planned job losses
Announcement Date
2 June 2006
Employment effect (start)
1 January 2006
Foreseen end date
30 April 2007
Description
Baked beans and ketchup maker Heinz is to cut 8% of its global workforce to free up cash for marketing and developing more than 100 new products. The Pittsburgh-based firm will shed about 2,700 jobs and close 15 factories in 2007 with five more at risk in 2008. It will also cut $145m (£78m) from what it spends securing premium shelf space and other in-store benefits. Heinz said four European plants would close with a loss of 600 jobs, but did not disclose which would be affected. The details of the cutbacks would be reviewed over the next few months and discussed with employees, said Heinz spokesman Michael Mullen. All job cuts would be fully implemented by April 2007, he added. The company expects to increase advertising and marketing spend by 18.7% as part of the overhaul.
Sources
2 June 2006: BBC Website
Citation
Eurofound (2006), Heinz, Internal restructuring in World, factsheet number 63592, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63592.
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.
