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
391 jobs Number of planned job losses
Announcement Date
6 July 2010
Employment effect (start)
Foreseen end date
Description
Qinetiq, a provider of technology-based services and solutions to the defence, security and related markets, has announced plans to cut 391 jobs. The company blames the cuts on the 'challenging business environment' and announced that about 130 jobs would be cut in Farnborough, Hampshire, 230 will go in Malvern, Worcestershire and about 30 more jobs cuts would be spread across its UK operations. No timeline has been given for the implementation of the cuts.
Sources
6 July 2010: BBC News ()
:
Citation
Eurofound (2010), Qinetiq, Internal restructuring in United Kingdom, factsheet number 70692, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/70692.
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.
