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.
Financial Services Financial And Insurance Activities Financial Service Activities, Except Insurance And Pension Funding 64 - Financial service activities, except insurance and pension funding
85 - 103 jobs Number of planned job losses
Announcement Date
4 November 2013
Employment effect (start)
4 November 2013
Foreseen end date
Description
Raiffeisen Informatik, IT subsidiary of Raiffeisenbank, is to make up to 103 of its 850 employees redundant. This is due to a harmonisation of IT systems within the group.
At the end of October 2013, the first 68 employees were registered for termination with the Public Employment Service's (AMS) early warning registration system. In the following days, it was announced that in addition, the contracts of some 15 holders of a 'contract of work' (Werkvertrag), i.e. formally self-employed workers, who are nonetheless economically dependent, have not been extended. A further 15 to 20 will follow within the next weeks and months.
The union has criticised that half of the 68 workers registered with the AMS are over the age of 50.
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.
