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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
310 jobs Number of planned job losses
Announcement Date
14 February 2007
Employment effect (start)
14 February 2007
Foreseen end date
15 February 2009
Description
The Alcatel-Lucent merger, which has created a new giant manufacturer of telecommunications components, will lead to 310 job cuts in Madrid and Alcobendas, in Spain. The company currently employs 1,250 people in Spain and the dismissals will take place gradually in a period that will last up to 24 months. The reasons given by the new CEO are bad economic results. However, it is argued that although the Spanish division's performance is better than others, Alcatel-Lucent Iberia's restructuring is expected to be one of the hardest.
Sources
14 February 2007: Cinco Días
Citation
Eurofound (2007), Alcatel-Lucent, Merger/Acquisition in Spain, factsheet number 64943, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64943.
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.
