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 Construction Of Buildings And Infrastructure Engineering Construction Of Buildings 41 - Construction of buildings
272 jobs Number of planned job losses
Announcement Date
20 May 2015
Employment effect (start)
1 June 2015
Foreseen end date
Description
Portuguese construction company Soares da Costa is to dismiss 272 workers in Portugal. The management has attributed the restructuring to lack of work. Reportedly 272 workers had been inactive for several months. Although the company will continue to be operational in Portugal's civil engineering and public works markets, it will mainly focus on Angola, Mozambique and African market.
The company is partly controlled (66.7%) by the Angolan entrepreneur António Mosquito. The company is currently negotiating a loan of about 80 million euros (to be ensured by Angolan capital) to support its restructuring process.
Sources
20 May 2015: Público
21 May 2015: Diário Económico
Citation
Eurofound (2015), Soares da Costa, Internal restructuring in Portugal, factsheet number 83606, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83606.
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.
