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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.61 - Treatment and coating of metals
120 jobs Number of planned job losses
Announcement Date
26 May 2014
Employment effect (start)
26 May 2014
Foreseen end date
30 June 2014
Description
Roth and Rau, manufacturer of machines and equipment for the solar panel production, is to cut 120 jobs at its site in Hohenstein-Ernstthal by the end of June 2014. As reported, the German subsidiary of Switzerland-based solar industry supplier Meyer Burger Technology intends to reduce its operating costs by about € 10 million.
According to the sources the company will initiate negotiations with the works council and assures to implement the restructuring in a socially acceptable manner.
Sources
27 May 2014: Frankfurter Allgemeine Zeitung
26 May 2014: freie presse.de
26 May 2014: Neue Züricher Zeitung Online
26 May 2014: Meyer Burger (Press Release)
Citation
Eurofound (2014), Roth & Rau, Internal restructuring in Germany, factsheet number 77138, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77138.
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.
