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
200 jobs Number of planned job losses
Announcement Date
15 October 2012
Employment effect (start)
Foreseen end date
31 December 2012
Description
Škoda Auto, a Czech carmaker, subsidiary of Volkswagen Group, is to cut 200 jobs at its plant located in Vrchlabà by the end of 2012. This is due to termination of the Roomster and Octavia assembly.
Employees concerned are offered the opportunity to work in other Škoda factories (Mladá Boleslav, Kvasiny) or to leave with severance pay representing up to 30 average salaries (more than 960,000 CZK) for those close to retirement. It was stated that the majority of employees will choose the generous severance pay.
At the beginning of 2012, Škoda employed 25,800 people, the highest number in the company’s history. Last year, the firm created 1,650 new jobs.
Sources
15 October 2012: Lidové Noviny
Citation
Eurofound (2012), Å koda Auto, Internal restructuring in Czechia, factsheet number 74319, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/74319.
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.
