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
300 jobs Number of planned job creations
Announcement Date
17 October 2006
Employment effect (start)
30 October 2006
Foreseen end date
30 October 2009
Description
A company using revolutionary new solar energy technology says it is to make a 60 million GBP investment in Wales and create 300 jobs in Cardiff.
G24i will begin producing new material early next year which it says could enable people to recharge their mobile telephones using their clothes.
The 'solar foil' is said to be thin and durable and can generate more output than conventional solar panels. The material has been described as a "plastic foil or film", which could be applied to surfaces in a variety of colours. It can also be used for much larger surface areas up to the size of a roof top, making it easy for the building industry to use it.
Production will take place at Wentloog Corporate Park and the company said it would employ at least 300 people over the next three years.
The company said it could create electricity from any light source, and would be one-fiftieth of the weight of traditional solar cells.
Enterprise Minister Andrew Davies said: 'Renewable energy is critical to our future energy needs and Wales is leading the way in the development of such technology. We're extremely pleased that we now have one of the world's most exciting investors in renewable energy basing a world-class facility here in Wales.'
Sources
17 October 2006: BBC Website
Citation
Eurofound (2006), G24i, Business expansion in United Kingdom, factsheet number 64280, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64280.
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.
