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 Tobacco Products Manufacture Of Tobacco Products 12 - Manufacture of tobacco products
100 - 170 jobs Number of planned job losses
Announcement Date
18 January 2008
Employment effect (start)
20 January 2021
Foreseen end date
20 January 2001
Description
According to the source, Socotab Hellas, a company that produces tobacco in Northern Greece (a subsidiary to multinational group Socotab) is going to relocate its production to the neighbouring Republic of Macedonia. The decision of relocation is due to the cuts in financial subsidies in the tobacco sector. The company has at the time approximately 200 employees. The company is planning to dismiss 170 employees, as only the commercial part of operations remains in Greece.
Sources
18 January 2008: Hmerisia
Citation
Eurofound (2008), Socotab Hellas, Relocation in Greece, factsheet number 66214, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66214.
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.
