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 For Transport Equipment Manufacture Of Other Transport Equipment 30 - Manufacture of other transport equipment
100 jobs Number of planned job losses
Announcement Date
23 July 2008
Employment effect (start)
23 July 2008
Foreseen end date
Description
About 100 jobs will be lost in Siemens' Transportation division Vienna and Graz plants as part of the company's world-wide restructuring process affecting about 17,000 workers. Siemens Transportation Systems operates from nine business locations all over the world, of which Vienna and Graz (Siemens SGP Verkehrstechnik) form two important pillars in Austria, employing some 1,900 workers. The Vienna factory is specialised in the manufacture of railway vehicles, while the Graz plant is the world’s largest manufacturer of high-technologies for mass transit and main-line railways. While Siemens plans to cut a total of 1,800 jobs in this division, the restructuring programme will mainly hit the Czech Republic and Germany. No further information about the timeline has been provided
Sources
23 July 2008: Der Standard
Citation
Eurofound (2008), Siemens SGP Verkehrstechnik, Internal restructuring in Austria, factsheet number 66935, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66935.
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.
