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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
European Globalisation Fund (EGF)
Year: 2013, Case number: 12
6,200 jobs Number of planned job losses
Announcement Date
25 September 2012
Employment effect (start)
1 January 2013
Foreseen end date
31 December 2013
Description
US car manufacturer Ford announced its intention to close three production sites in Europe: Genk in Belgium (see here), and two plants in the UK - Southampton and Dagenham (see here). The restructuring will affect 1,400 employees in the UK and 4,300 in Belgium. Adding 500 job cuts that Ford had announced a few weeks earlier, the company will cut 6,200 jobs in Europe. This accounts for around 13% of the company's European workforce. Through this restructuring, the group will reduce its production capacity by around 18% in Europe (355,000 cars a year) and save between US $450 and US $500 million per year.
It is reported that the management aims to avoid compulsory dismissals in the UK and expects voluntary departures.
According to the UK trade union GMB the jobs may be offshored to plants in Turkey (Ford Otosan at Kocaeli) and in Russia (Saint Petersbourg).
Sources
25 October 2012: AFP Liaisons
26 September 2012: Les Echos
Citation
Eurofound (2012), Ford, Internal restructuring in European Union, factsheet number 74308, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74308.
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.
