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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
211 jobs Number of planned job losses
Announcement Date
8 November 2011
Employment effect (start)
Foreseen end date
Description
Window manufacturer AC Yule & Son went into administration with the loss of 211 jobs in the UK. The firm announced that it would retain 61 out of currently 272 staff to complete projects and outstanding orders. KPMG has been appointed administrator and will try to find a buyer for parts or all of the business.
AC Yule & Son is a company with a long tradition having been in the window manufacturing business in Scotland and north England since 1946.
Sources
8 November 2011: BBC Website
Citation
Eurofound (2011), AC Yule and Son, Bankruptcy in United Kingdom, factsheet number 72868, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72868.
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.
