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 Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Not Available
480 jobs Number of planned job losses
Announcement Date
21 July 2009
Employment effect (start)
31 July 2009
Foreseen end date
31 August 2009
Description
The Spanish branch of the BP Solar transnational has decided to initiate the Redundancy Procedure at their Tres Cantos and San Sebastian de los Reyes plant, resulting in the dismissals of 480 workers.
Signing of the Redundancy Procedure with the Works Council took place on 14 July. Workers will no longer be paid by the company once they receive the salary corresponding to the month of July in August. Meanwhile technical personnel is dismantling the facilities in order to take production to Asia, where labour costs are much lower, thus suitable alternative employment will only be found for 20% of the total Madrid staff. Remaining staff will be dismissed, collecting minimum compensation standing at 10,000 Euro and with pre-retirement as of the age of 54.
Eurofound (2009), BP Solar, Offshoring/Delocalisation in Spain, factsheet number 69316, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69316.
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.
