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
New offshoring locations
India, China, Mexico
178 jobs Number of planned job losses
Announcement Date
27 September 2007
Employment effect (start)
1 January 2008
Foreseen end date
30 September 2009
Description
Tyco Electronics, a firm that manufactures electronic components, is to close its Shannon plant with the loss of 178 jobs. Production at the Shannon site is to be ‘offshored’ to the firm’s plants in India, China and Mexico, and the firm will cease all activity within Ireland. In a press release, the firm stated that the decision was ‘based upon a strategic analysis of the company's manufacturing resources and a bid to improve efficiencies’. The firm also stated that the first redundancies will take place in early 2008, and that the ‘offshoring’ of activities at the Shannon site will be completed by September 2009.
Sources
28 September 2007: The Irish Times
28 September 2007: The Irish Examiner
Citation
Eurofound (2007), Tyco Electronics, Offshoring/Delocalisation in Ireland, factsheet number 65860, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65860.
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.
