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 Civil Engineering 42 - Civil engineering
200 jobs Number of planned job losses
Announcement Date
16 August 2007
Employment effect (start)
16 August 2007
Foreseen end date
Description
Kampa AG, a firm that specializes in the construction of detached housing, is to cut 200 jobs. The job losses are a response to the poor recent financial performance of the firm, which recently revised its sales forecast for 2007 from 175 million EUR to 160 million EUR. The firm’s poor performance is partly attributable to the decision of the Federal German Government to cut subsidies to firms constructing homes from January 2006, and companies across the German construction sector have reported poor sales as a result of this decision. Full details of the job losses have not yet been disclosed, and will be discussed by managers and work councils at individual Kampa sites in the near future. The job losses are likely to affect the firm's sites across Germany.
Sources
17 August 2007: Handelsblatt
Citation
Eurofound (2007), Kampa AG, Internal restructuring in Germany, factsheet number 65701, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65701.
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.
