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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.11 - Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
150 jobs Number of planned job losses
Announcement Date
29 January 2014
Employment effect (start)
1 April 2014
Foreseen end date
31 December 2014
Description
Finnish Wärtsilä, a provider of power solutions for the marine and energy markets, is to cut 150 jobs (out of 1,500) at its three Italian plants, located in Genoa, Naples and Trieste. The job cuts are part of a global restructuring plan involving approximately 1,000 job losses worldwide. The trade unions reacted to the company’s decision by going on strike.
Sources
29 January 2014: Il Piccolo
29 January 2014: Company press release
Citation
Eurofound (2014), Wartsila, Internal restructuring in Italy, factsheet number 76669, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76669.
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.
