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 Financial Service Activities, Except Insurance And Pension Funding 64.9 - Other financial service activities, except insurance and pension funding
200 jobs Number of planned job creations
Announcement Date
27 January 2010
Employment effect (start)
1 January 2010
Foreseen end date
31 December 2010
Description
German bank Schwäbisch Hall announced it would be creating 200 new jobs in 2010 despite a significant downturn in the recession. The jobs will be created in the sales division of the bank for private real estate financing - a subsidiary of the Deutsche Genossenschaftszentralbank, the German association cooperative banks. About one fourth of these will be located at the Schwäbisch Hall headquarters near Stuttgart.
Sources
Citation
Eurofound (2010), Schwäbisch Hall, Business expansion in Germany, factsheet number 70444, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70444.
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.
