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.
Construction Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
200 jobs Number of planned job losses
Announcement Date
2 September 2011
Employment effect (start)
30 September 2011
Foreseen end date
Description
Construction company Opway announced that it will initiate a collective dismissal procedure affecting 200 of its 650 employees.
The company's management said this is a decision required to maintain the viability of the company and to prepare it for the challenges ahead and to preserve the remaining structure. This decision is questioned by the trade union who claim that other options would be possible.
The company already dismissed 65 workers in February 2011.
Opway is owned by Rioforte, the investment society of Espírito Santo Group.
Sources
2 September 2011: agencia Financeira
Citation
Eurofound (2011), Opway, Internal restructuring in Portugal, factsheet number 72383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72383.
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.
