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 43.99 - Other specialised construction activities n.e.c.
208 jobs Number of planned job losses
Announcement Date
26 September 2014
Employment effect (start)
26 September 2014
Foreseen end date
Description
On 26 September, insolvent German manufacturer of windows and doors Moderne Bauelemente TFA announced to cut 170 out of 220 positions. The company will lose its biggest buyer Hornbach and which is the reason stated for the job reduction. According to the management, a maximum of 50 employees will be kept to organise few outstanding orders.
Moderne Bauelemente TFA suffered from bankruptcies of the big do-it-yourself stores Praktiker and Max Bahr. In the past year, the company has run a turnover of 22 Million Euros which meant a decrease of 25p.c.
Sources
26 September 2014: Mitteldeutsche Zeitung Online
28 October 2014: Mitteldeutsche Zeitung Online
Citation
Eurofound (2014), Moderne Bauelemente TFA, Internal restructuring in Germany, factsheet number 77723, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77723.
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.
