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.
Construction Specialised Construction Activities Specialised Construction Activities 43.29 - Other construction installation
670 jobs Number of planned job losses
Announcement Date
4 September 2014
Employment effect (start)
4 September 2014
Foreseen end date
31 October 2014
Description
Home insulation company, Mark Group has announced plans to reduce the size of its UK workforce by 670 jobs. This equates to around one-quarter of the 2,500 strong UK-based workforce, with the company reported as saying that the job losses would be spread evenly across the UK. Headquartered in Leicester, the company has launched a redundancy programme and has started a 45-day consultation period with the affected workers. An industry spokesperson from the Sustainable Energy Association attributed the job cuts to a change in the UK Government’s Energy Company Obligation (ECO) scheme. In April 2014, the UK Government announced that it would reduce the amount of investment that energy companies are required to put into energy efficiency. The policy change has seen the amount of home insulation being installed under the ECO scheme decrease by one third.
Eurofound (2014), Mark Group, Internal restructuring in United Kingdom, factsheet number 77546, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77546.
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.
