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
256 jobs Number of planned job losses
Announcement Date
15 January 2009
Employment effect (start)
1 April 2009
Foreseen end date
1 September 2009
Description
Finnveden Powertrain, supplier to the global commercial vehicle industry, gave notice to 256 employees working in the Alvesta, Kungsör, Moheda, Torpsbruk and Trollhättan plants due to structural change and adjustment of production to the current market situation. The restructuring is intended to specialize production in each of the units: Alvesta, Moheda and Torpsbruk will be specializing in precision components, Kungsör in valve actuation and Trollhättan in connecting rods.
The company's customers are primarily producers of diesel engines for trucks, buses and construction equipment. Major customers include Volvo Powertrain, Scania, Ford, DaimlerChrysler, Bosch, Caterpillar and Haldex.
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.
