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
New offshoring locations
Mexico, United States of America
660 jobs Number of planned job losses
Announcement Date
17 October 2007
Employment effect (start)
Foreseen end date
31 December 2008
Description
Cordis Europe, a firm that manufactures medical equipment and is a subsidiary of multi-national Johnson & Johnson, is to close its site in Roden with the loss of 660 jobs. The Roden site will close by the end of 2008, and production at the site will be ‘offshored’ to locations in Mexico and the United States. Johnson & Johnson have attributed the decision to close the Roden site to increased competition, an increase in costs, and a decline in the global demand for medical equipment. Dutch unions have criticized the decision, and have argued that the plant is currently profitable.
Sources
18 October 2007: NRC Handelsblad
18 October 2007: Het Financieele Dagblad
Citation
Eurofound (2007), Cordis Corporation, Offshoring/Delocalisation in Netherlands, factsheet number 65931, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65931.
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.
