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
157 jobs Number of planned job losses
Announcement Date
19 January 2009
Employment effect (start)
20 February 2009
Foreseen end date
20 February 2009
Description
Harnessed cable producer Plati Hungary initiated a mass redundancy of 157 employees in Szombathely. Downsizing was triggered by falling demand for the company's products driven by the economic crisis. Among those made redundant 137 are blue collar and 20 are white collar workers. All affected workers had been already informed about the headcount reduction by the time of the announcement. They were dismissed after the mandatory one month notice period.
The production facility in Szombathely (Vas county) was established in January 1995. It produces harnessed cables supplying manufacturers in a variety of markets, which includes the automotive, electric home appliances and the computer industry. The Hungarian plant was the first of the present four foreign enterprises (the other three are located in Poland, China and Ukraine) of Plati, an Italian company, headquartered in Madone (Italy).
Sources
2 February 2009: Index
19 January 2009: HR Portal
Citation
Eurofound (2009), Plati Hungary, Internal restructuring in Hungary, factsheet number 70012, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70012.
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.
