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 - Manufacture of fabricated metal products, except machinery and equipment
110 jobs Number of planned job losses
Announcement Date
13 June 2014
Employment effect (start)
13 June 2014
Foreseen end date
Description
Almaco, a Greek industrial company in the field of aluminium extrusion, anodisation and electrostatic paint filed for bankruptcy. 110 employees lost their jobs at its manufacturing site in Kilkis.
Almaco, which has been operating since 1977, faced serious problems at the beginning of the economic crisis due to a sharp drop in construction activities. As reported, the company owes accrued and redundancy payments (up to € 2,1 million).
Sources
13 June 2014: Makedonia
13 June 2014: Voria
Citation
Eurofound (2014), Almaco, Bankruptcy in Greece, factsheet number 77190, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77190.
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.
