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.
Wales; West Wales and The Valleys; Bridgend and Neath Port Talbot
Location of affected unit(s)
Pencoed
Sector
Manufacturing Manufacture Of Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
110 jobs Number of planned job creations
Announcement Date
30 October 2007
Employment effect (start)
30 October 2007
Foreseen end date
30 April 2008
Description
Rockwool, a firm that produces wool insulation, has announced that it is to create 110 new jobs at its site in Pencoed by April 2008. The firm, which currently employs 440 at the site, has said that a 70 million GBP investment will be made in the plant and that the capacity of the factory will double. A spokeswoman for the firm has stated that demand for the company's stone wool insulation products had 'soared' because of increasing demand for sustainable building and manufacturing, and concerns over fire safety. The new jobs that will be created will include skilled positions such as production operators and a range of technical, supervisory and managerial jobs. The firm has also stated that it is keen to see more women apply for the new positions given the current gender balance at the plant.
Sources
30 October 2007: BBC Website
Citation
Eurofound (2007), Rockwool, Business expansion in United Kingdom, factsheet number 65984, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65984.
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.
