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 29.1 - Manufacture of motor vehicles
300 jobs Number of planned job losses
Announcement Date
16 June 2009
Employment effect (start)
16 June 2009
Foreseen end date
Description
After a range of restructuring measures and after several months of workers' protests, the German car supplier Karmann filed for insolvency in April 2009. Plans by the administrator included the closing of the machine tool division and the loss of 513 out of the remaining 1,979 jobs.
In June 2009 the negotiations between the administrator, the works council and the metalworkers' union IG Metall came to an end. On 16 June IG Metall announced that 300 out of 1,979 jobs at the Osnabrück site will be cut and that the machine tool division is to remain open. In return, the administorator demands a 30% decrease in labour costs. Negotiations on wages and job security will start soon. See fact sheet 12998 for additional information on previous wave of restructuring in the company.
The German authorities applied for aid from the European Globalisation Adjustment Fund (EGF) and it is currently being implemented.
Sources
16 June 2009: Financial Times Deutschland
Citation
Eurofound (2009), Karmann, Bankruptcy in Germany, factsheet number 69089, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69089.
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.
