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 Basic Metals 24.52 - Casting of steel
119 jobs Number of planned job losses
Announcement Date
25 November 2014
Employment effect (start)
25 November 2014
Foreseen end date
31 March 2015
Description
Fugo Capital Group announced its decision to liquidate its subsidiary company Fugo-Odlew in Konin. The group will cut all 119 jobs by the end of March 2015; the reduction will be through voluntary departures. The restructuring programme is associated with the financial difficulties of the company. It is reported that the company has over PLN 6 mln debts.
Fugo-Odlew was founded in 1999. The plant has manufactured a wide range of cast steels and has provided its products to mining, metallurgy, power engineering, engineering, chemical and food industries.
Sources
25 November 2014: Przegląd Koniński
27 November 2014: Wirtualny Nowy Przemysł
28 November 2014: Onet.pl
Citation
Eurofound (2014), Fugo-Odlew, Closure in Poland, factsheet number 77983, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77983.
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.
