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 Material For Textiles, Apparel, Leather And Related Products Manufacture Of Textiles 13 - Manufacture of textiles
25 jobs Number of planned job losses
Announcement Date
10 September 2012
Employment effect (start)
Foreseen end date
Description
The Swedish company Ludvig Svensson, manufacturer of home textiles and textile-based products, has announced that it is to cut 25 jobs at its factory in Kinna. Of the 25 redundancies, the cuts will affect 22 blue collar-workers and 3 white collar-workers. The company is highly dependent on export demand as 80 percent of the production is exported and the downsizing is a consequence of the fall in the international demand for textile products.
Ludvig Svensson's textiles are manufactured in Kinna (Sweden) and in Shanghai (China).
The company currently has approximately 250 employees in Kinna, meaning the reduction affects 10 percent of the site’s total workforce.
As of September it is still unknown when the job losses will be implemented by.
Sources
10 September 2012: www.bt.se
Citation
Eurofound (2012), Ludvig Svensson, Internal restructuring in Sweden, factsheet number 74155, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74155.
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.
