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.
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35 - Electricity, gas, steam and air conditioning supply
450 jobs Number of planned job losses
Announcement Date
3 December 2010
Employment effect (start)
3 December 2010
Foreseen end date
31 December 2020
Description
On 3 December 2010, the business daily Handelsblatt reported the loss of around 450 jobs at MVV Energie, a public energy provider. Affected are the sites in Mannheim, Offenbach and Kiel. Management and works' councils of the single sites have agreed to avoid collective dismissals due to operational reasons until 2016. However, the reduction in staff is to be realised by natural attrition and early retirement schemes. Job cuts are part of a restructuring programme, which seeks to lower costs by 20 to 30 million euros annually.
Sources
3 December 2010: Handelsblatt
Citation
Eurofound (2010), MVV Energie, Internal restructuring in Germany, factsheet number 71262, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71262.
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.
