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 Repair And Installation Of Machinery And Equipment Repair And Installation Of Machinery And Equipment 33.2 - Installation of industrial machinery and equipment
100 jobs Number of planned job losses
Announcement Date
24 May 2013
Employment effect (start)
25 May 2013
Foreseen end date
31 December 2013
Description
Siemens is to cut 500 out of 3,500 jobs in the company's Austrian headquarters in Vienna. Thus, every seventh employee is to be made redundant. Talks between the works council and the management will be taking place within the next few weeks. Following this announcement the total number of recently reported job losses in Austria is over 1,000 (see Siemens Linz 2013, Siemens Weiz 2013).
Updated 8-10-2013:
According to an interview with Siemens' managing director Mr Hesoun with the Wirtschaftsblatt on 8 October 2013, Siemens is to shed only up to 100 jobs in Austria. This number is much smaller than the originally anticipated (500 job cuts). The restructuring programme in Austria will probably concern two Siemens locations in Vienna and one in Linz (VAI). The step is due to reduced demand, which causes the closure of steel plants and gas power plants. The job cuts will in part take the form of natural attrition, i.e. part-time working models for older workers and sliding pension.
Sources
8 October 2013: Der Standard
30 September 2013: Die Presse
8 October 2013: Wirtschaftsblatt
24 May 2013: orf.at
Citation
Eurofound (2013), Siemens, Internal restructuring in Austria, factsheet number 75465, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75465.
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.
