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.
Professional Services Professional Services And Management Consultancy Activities Of Head Offices; Management Consultancy Activities 70.2 - Management consultancy activities
1,300 jobs Number of planned job losses
Announcement Date
14 December 2011
Employment effect (start)
1 January 2012
Foreseen end date
31 December 2012
Description
On 14 December 2011 IT and management consultancy group Logica announced that it will cut 1300 jobs in 2012 in Europe. Most of the jobs will be lost in customer-focused positions, with up to 550 redundancies in the Netherlands and Belgium and another 450 jobs cut in the UK and Sweden. The company expects the loss of another 300 jobs in its central functions.
Logica points to the uncertain economic future to justify the decision. Many of the company's clients are reducing or postponing their investments in information technology. Other restructuring measures include a reduction of office space by encouraging employees to work from home.
The UK-headquartered IT and management consultancy currently employs 41,000 people worldwide.
Sources
14 December 2011: The Guardian
14 December 2011: Logica
Citation
Eurofound (2011), Logica, Internal restructuring in European Union, factsheet number 72891, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72891.
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.
