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 Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
500 jobs Number of planned job creations
Announcement Date
18 May 2007
Employment effect (start)
1 May 2007
Foreseen end date
31 December 2007
Description
Rodenstock, a company specialized on the development, manufacturing and marketing of lenses and spectacles, announced to create 500 new jobs in Germany and abroad in 2007. No information was given where the new jobs and which kind of jobs will be created. Currently, the company employs an international workforce of 5,000.
The family-owned German spectacles specialist had run into difficulties, before financial investor Perima Beteiligungsgesellschaft got involved in 2003.
500 jobs were cut and part of the production was relocated. According to the company’s information, business has substantially improved, overall sales amounted to 371 Million EUR in 2006. Sales increased by 9% in the first quarter of 2007. In March 2007, the European holding company Bridgepoint took over the shares of Rodenstock GmbH that had been held by Permira funds until then. Rodenstock now plans to increase sales to amount to 750 Million EUR by 2010. The company, which is much smaller than its international competitors Luxottica, Safilo or Essilor, will continue to specialize in technologically advanced products.
Sources
18 May 2007: Handelsblatt
Citation
Eurofound (2007), Rodenstock, Business expansion in European Union, factsheet number 65365, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65365.
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.
