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 Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
300 jobs Number of planned job losses
Announcement Date
24 February 2009
Employment effect (start)
Foreseen end date
30 April 2009
Description
Incap Furniture, which manufactures solid pine furniture has filed for bankruptcy, and all 300 employees will lose their jobs in Finland.
Incap Furniture has production units in Kärsämäki, Haapavesi and Varpaisjärvi, with its headquarters located in the city of Oulu. All units will be closed by the end of April 2009. The closure of the units are mainly due to the company's biggest customer IKEA's announcement to put orders on hold due to the economic situation on the markets.
Sources
24 February 2009: www.kaleva.fi
Citation
Eurofound (2009), Incap Furniture, Bankruptcy in Finland, factsheet number 68329, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68329.
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.
