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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
300 jobs Number of planned job losses
Announcement Date
16 January 2009
Employment effect (start)
Foreseen end date
31 March 2009
Description
Car component manufacturer Kostal, has announced 300 voluntary redundancies at two Irish manufacturing plants in Limerick (200) and Mallow in County Cork (100). The German-owned company currently employs 1,100 people in the two plants but is seeking cuts as part of an internal restructuring plan. The company has attributed the redundancies to the global economic crisis facing the car industry. However, the company has said that the restructuring was aimed at maintaining a continued competitive presence in Ireland. Kostal's main customers include Mercedes Benz, BMW, Volkswagen, General Motors, Ford, Volvo, Nissan and Toyota.
Sources
17 January 2009: The Irish Times
Citation
Eurofound (2009), Kostal, Internal restructuring in Ireland, factsheet number 67853, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67853.
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.
