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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.15 - Manufacture of bearings, gears, gearing and driving elements
400 jobs Number of planned job losses
Announcement Date
13 June 2012
Employment effect (start)
13 June 2012
Foreseen end date
31 December 2016
Description
As announced on 13 June 2012, Swedish rolling-element bearing manufacturer SKF will cut 400 jobs in Germany. The decision is said to be based on the company's decreasing sales.
SKF implemented a cost reduction programme, which mainly affects German sites in Schweinfurt (Bavaria), Lüchow (Lower Saxony) and Mülheim (North Rhine-Westphalia). The company aims to avoid forced redundancies and will seek alternative measures to cut employment.
In total, SKF employs 6,600 people in Germany, 4,400 of them in Schweinfurt, and about 45,000 people worldwide.
The job reduction plan is to be completed by the end of 2016.
Sources
13 June 2012: SKF
14 June 2012: Handelsblatt
Citation
Eurofound (2012), SKF, Internal restructuring in Germany, factsheet number 73746, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73746.
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.
