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.
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.1 - Restaurants and mobile food service activities
500 jobs Number of planned job creations
Announcement Date
24 February 2011
Employment effect (start)
Foreseen end date
31 December 2011
Description
The US fastfood giant McDonald's plans to create 500 new jobs in Austria by the end of 2011. This was announced by McDonald's Austria CEO Andreas Schwerla. The company, which currently operates 174 restaurants in the country, will open between eight and ten new ones by the end of the year. The company, which dominates the systems catering market with a share of 75% in Austria, could improve its turnover by 8.7% and its number of customers by 9.4% last year as compared to 2009. Performance-wise, Austria is among the top five preforming countries worldwide where McDonald's is operating.
Sources
25 February 2011: Wirtschaftsblatt
24 February 2011: Der Standard
Citation
Eurofound (2011), McDonald's, Business expansion in Austria, factsheet number 71644, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71644.
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.
