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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
1,200 jobs Number of planned job creations
Announcement Date
14 December 2010
Employment effect (start)
1 January 2010
Foreseen end date
30 June 2011
Description
Magna Steyr, specialist in automotive engineering and vehicle assembly, is to increase its workforce by 1,200 employees at its production site in Graz by mid-2011.
The automobile industry in Styria has picked up again and is recovering after major declines in sales and turnover as an effect of the global economic and financial crisis. The Magna's production site in Graz plans to increase the yearly vehicle production target from 100,000 to 130,000. Thereby, by mid-2011 the number of employees is to be increased from 5,300 to 6,500, as announced by Magna Europe's director Mr Hödl. He sees potential in the Russian and Asian markets.
Sources
14 December 2010: Die Presse
14 December 2010: Kleine Zeitung
Citation
Eurofound (2010), Magna Steyr, Business expansion in Austria, factsheet number 71314, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71314.
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.
