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.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
2,079 - 5,216 jobs Number of planned job losses
Announcement Date
10 February 2010
Employment effect (start)
26 March 2010
Foreseen end date
20 November 2010
Description
The Polish insurer Powszechny Zakład Ubezpieczeń (today employing 15500 people) is to cut 2079 jobs and change employment conditions for 4576 employees in 2010. If any of the employees offered new conditions decline the offer, they too will be laid off.
On Wednesday 10 March 2010 enterprise-level trade unions and the employer representatives signed an agreement on these provisions. Negotiations resulted in 235 fewer people undergoing direct dismissals and 821 less people being offered the new employment conditions.
These dismissals are part of a large restructuring programme entitled "Micro2" which aims to centralise the administrative activities of ten centres across the country.
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.
