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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.13 - Manufacture of other inorganic basic chemicals
300 jobs Number of planned job losses
Announcement Date
21 August 2014
Employment effect (start)
21 August 2014
Foreseen end date
Description
Heavy water, heat and power producer Regia Autonomă pentru Activităţi Nucleare (RAAN) (Romanian Authority for Nuclear Activities) is to cut 300 jobs. RAAN is a government business enterprise. The Government approved severance payments to support redundant workers from state-owned companies, including the ones of RAAN. As reported, the measure paves the way for dismissals, though a timeframe for the restructuring is not known yet.
RAAN became insolvent last year, with accumulated debts over 680 million RON (€151 million). RAAN has two main plants, producing heavy water for the nuclear power plant in Cernavoda (Romag Prod) and heat and power (Romag Termo) for its own use and for the use of the municipality of Drobeta Turnu-Severin. They are both undergoing economic difficulties, as their activities are interconnected.
During the year, 2,700 employees fearing of losing their jobs organised several protests on both sites of the company. In addition, another protest of 1,000 people took place in Drobeta Turnu Severin, to draw attention to the difficult economic situation of the company.
Sources
22 August 2014: Informatia de Severin
22 August 2014: Adevarul
21 August 2014: Gandul
Citation
Eurofound (2014), Regia Autonoma pentru Activitati Nucleare, Internal restructuring in Romania, factsheet number 77646, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77646.
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.
