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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.2 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
630 jobs Number of planned job losses
Announcement Date
14 August 2006
Employment effect (start)
1 October 2006
Foreseen end date
Description
Wilhelm Karmann, a family-owned full-service vehicle supplier specialised on open-top sports cars, will continue its job cutting measures in Germany. The company did already reduce its German workforce by 400 in 2005. In August 2006, the company announced that 630 manufacturing jobs will be shed at its Osnabrück plant - less than the company had previously planned for. Additionally, several hundred administrative jobs shall be cut as soon as management and the company's works council come to an agreement on the job cutting measures. Management expects this to happen by November 2006.
Karmann employs a workforce of 5,100 at Osnabrück, 6,680 in Germany (2005 data) and a total of 8,800 worldwide. According to management, Karmann has to respond to decreasing sales figures of open-top sports cars, those of the Chrysler car Crossfire in particular.
Starting 1 Oct 2006, the 630 employees affected will for one year be employed at a 'transfer company' and be paid by the Federal Employment Agency (67%) and Karmann (18%).
Sources
13 June 2006: Financial Times Deutschland
18 August 2006: Financial Times Deutschland
19 August 2006: Frankfurter Allgemeine Zeitung
21 August 2006: Financial Times Deutschland
Citation
Eurofound (2006), Wilhelm Karmann, Internal restructuring in Germany, factsheet number 63963, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63963.
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.
