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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
120 jobs Number of planned job losses
Announcement Date
7 May 2009
Employment effect (start)
Foreseen end date
Description
The Norwegian electronics group Kitron, with around 1,400 employees at several sites in Norway, Sweden and Lithuania, announced on 9th of February a worldwide downsizing of 250 employees. Most of the job losses were to be cut in Norway (170) and to a less extent in Sweden (60) and Lithuania (20). On 8th of May the company announced another 120 job losses due to weaker market expectations.
The first 250 employees are leaving in these days, of which 130 at Hisøy outside Arendal. The NITO union leader at Hisøy has said to Agderposten that he expects no more cuts there, and that most of the remaining downsizing of 120 will take place in Sweden and Lithuania. Nothing more is indicated about time schedule or measures.
Eurofound (2009), Kitron, Internal restructuring in European Union, factsheet number 68866, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68866.
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.
