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.
East Midlands; Derbyshire and Nottinghamshire; North Nottinghamshire
Location of affected unit(s)
Bilborough
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
400 jobs Number of planned job losses
Announcement Date
24 August 2007
Employment effect (start)
31 December 2008
Foreseen end date
Description
Lear Corporation, an American owned firm that produces parts and accessories for motor vehicles, has announced that it is to close its Bilborough site with the loss of 400 jobs. Management at the firm stated that the financial position of the site was no longer viable and that it was likely to shut before the end of 2008. The Bilborough site has been open since 1997. Nottingham North MP Graham Allen is to meet managers of the firm to discuss the proposed redundancies. Mr Allen stated:
'We really want to try and save the core business and for those jobs that can't be saved we need a really intensive package of retraining and re-skilling. People here must be given the best chance to get jobs after the closure of the factory.'
Lear Corporation operates two other sites in the UK that are based in Coventry and Sunderland.
Sources
27 August 2007: BBC News
Citation
Eurofound (2007), Lear Corporation, Closure in United Kingdom, factsheet number 65782, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65782.
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.
