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.
Administrative Services Security And Investigation Activities Security Systems Service Activities 80.2 - Security systems service activities
201 jobs Number of planned job losses
Announcement Date
22 March 2016
Employment effect (start)
22 March 2016
Foreseen end date
31 July 2016
Description
Cash-in-transit company, Brinks, is to cease its operation in Ireland, with the loss of 201 jobs.
The decision to stop operating in Ireland, due to unprofitability, comes just weeks after a restructuring agreement was secured with the SIPTU union.
An approach by outgoing Minister for Employment, Ged Nash, for the company to reconsider its decision does not appear fruitful as of the beginning of March.
Brinks is to negotiate severance terms with the SIPTU union, with the possibility of finding work in related companies the top priority.
Sources
22 February 2016: The Irish Times
22 February 2016: Irish Independent
25 February 2016: Industrial relations news
22 February 2016: Company press release
Citation
Eurofound (2016), Brinks Ireland, Closure in Ireland, factsheet number 86632, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/86632.
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.
