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 Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
560 jobs Number of planned job losses
Announcement Date
15 November 2007
Employment effect (start)
Foreseen end date
Description
Koenig & Bauer, manufacturer of printing presses, has announced that it is to cut approximately 560 jobs at its sites in Würzburg, Trennfeld and Frankenthal. Approximately 150 jobs will be lost at Würzburg and Trennfeld where a total of 2,500 are employed. In Frankenthal, 408 jobs will be lost out of a total of 1,200. The firm attributes the job losses to a decline in the demand for its goods within the printing sector. As of November 2007, there is no information on when the job losses will be implemented by.
Sources
15 November 2007: Financial Times Deutschland
15 November 2007: Handelsblatt
Citation
Eurofound (2007), Koenig & Bauer, Internal restructuring in Germany, factsheet number 66031, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66031.
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.
