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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.51 - Casting of iron
850 - 1,000 jobs Number of planned job losses
Announcement Date
14 September 2011
Employment effect (start)
1 October 2011
Foreseen end date
1 October 2015
Description
Steelmaker Tata announced on 14 September 2011 that it will cut 1000 jobs in the coming four years, to be able to better compete with other global players in the sector. The company intends to apply restructuring measures without using forced dismissals. The company representative mentioned that around 500 employees will retire in the next four years and 350 employees that might be affected from restructuring, it will be assumingly possible to find other jobs easier. Both the unions and the works council have strongly objected the upcoming restructuring plans. They state that it will not be easily possible to reach the goals of the company with 1000 less workforce.
Sources
15 September 2011: De Volkskrant
15 September 2011: Het Financieele Dagblad
16 September 2011: Het Financieele Dagblad
Citation
Eurofound (2011), Tata Steel IJmuiden, Internal restructuring in Netherlands, factsheet number 72371, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72371.
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.
