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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
1,750 jobs Number of planned job losses
Announcement Date
14 December 2010
Employment effect (start)
31 December 2010
Foreseen end date
Description
On December 14th, Siemens IT Solutions and Services announced its intention to reduce its workforce by 1,750, including 650 in Germany, to prepare for integration with Atos Origin. This follows an announcement from Atos Origin and Siemens of their intention to form a global strategic partnership. Siemens will support Atos Origin in taking the necessary steps in integrating with Siemens IT Solutions and Services, in order to generate substantial synergies in the near future. Siemens has agreed to contribute up to €250 million to the integration and training costs.
Eurofound (2010), Siemens IT Solutions and Services, Merger/Acquisition in European Union, factsheet number 71319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71319.
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.
