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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
253 jobs Number of planned job losses
Announcement Date
23 October 2006
Employment effect (start)
23 October 2006
Foreseen end date
Description
According to statements of the Credit Protection Association of 1870 (Kreditschutzverband von 1870, KSV), the Wiedl company group located in St. Gertraud (Carinthia), was declared bankrupt on 23 October 2006. The company has accumulated debts totalling 3.6 million euro.
The Wiedl group consists of two business branches: Whereas the Wiedl Montagetechnik is specialised in assembling metal pipes and light-metal construction (employing 15 workers), the major business activities of the group are performed by the Wiedl Personalbereitstellung company which hires out agency workers and currently employs seven white-collar and 231 manual workers. Thus, altogether, 253 employees stand to lose their jobs. No more details have been reported to date.
Sources
23 October 2006: Der Standard
Citation
Eurofound (2006), Wiedl, Bankruptcy in Austria, factsheet number 64360, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64360.
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.
