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 - Manufacture of motor vehicles, trailers and semi-trailers
Mr. Sándor Nagy, manufacturing director of Autoflex-KNOTT Kft, disclosed to a news agency that as a result of unfavourable market conditions the company had to lay off 120 workers from its 330 strong workforce. He claimed that the decision was taken after the production of the plant was had been only at 60% of its full capacity since November 2008. Reducing production became a necessity in light of falling demand, a result of the ongoing global economic crisis affecting the entire automotive industry.
Eurofound (2009), Autoflex-KNOTT, Internal restructuring in Hungary, factsheet number 69245, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69245.
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.
