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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.3 - Manufacture of other products of first processing of steel
46 jobs Number of planned job losses
Announcement Date
26 November 2008
Employment effect (start)
25 March 2009
Foreseen end date
16 December 2009
Description
Ovako Smedjebacken announced the dismissal of 46 employees, because of a decrease in demand for steel. The total number of employees before the termination was 402. Ovako produces steel for the automobile industry.
The total number of employees in the Ovako group is 4300, out of which 2600 are employed in Sweden and 1160 in Finland.
Sources
26 November 2008: Svenska Dagbladet
27 November 2008: Dagens Industri
Citation
Eurofound (2008), Ovako Smedjebacken, Internal restructuring in Sweden, factsheet number 67942, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67942.
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.
