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.
Berkeley, Bradwell; Dungeness A, Harwell, Hinkley Point A, Oldbury, Sizewell A and Winfrith, Chapelcross and Hunterston A, Trawsfynydd, Wyfla
Sector
Utilities Electricity, Gas, Steam And Air Conditioning Supply Electricity, Gas, Steam And Air Conditioning Supply 35.11 - Production of electricity
1,600 jobs Number of planned job losses
Announcement Date
22 May 2015
Employment effect (start)
21 May 2015
Foreseen end date
30 September 2016
Description
Nuclear power company Magnox Ltd will cut up to 1,600 jobs as a result of decommissioning twelve of its nuclear power plants in the United Kingdom.
The sites are located in England, Wales and Scotland. Eleven of the sites have already ceased to generate power while the twelfth site – located in Wylfa in North Wales – is scheduled to stop power generation by September 2016 at the latest. Magnox has reported that the job losses will affect permanent staff, contractors as well as workers employed via temporary employment agencies. Formal consultation has commenced however it has been reported that the trade union Unite has requested an urgent meeting with the company in order to try to avoid compulsory redundancies. Operating under contract for the Nuclear Decommissioning Agency, Magnox is a government agency that was formed in 2011 to operate and decommission old nuclear power plants in the United Kingdom. While decommissioning has been gradually taking place over the past ten years the company has reported that the timeline for closure of sites has been brought forward due the introduction of streamlined processes.
Sources
21 May 2015: BBC News
21 May 2015: The Independent
Citation
Eurofound (2015), Magnox Ltd, Closure in United Kingdom, factsheet number 83596, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83596.
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.
