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.
Scotland; South Western Scotland; North Lanarkshire
Location of affected unit(s)
Motherwell
Sector
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
65 jobs Number of planned job losses
Announcement Date
16 June 2016
Employment effect (start)
Foreseen end date
Description
Motherwell based manufacturing firm Terex Trucks has announced plans to cut 65 jobs from its workforce. The workforce currently numbers 365, and in 2009/10 had 630 workers. Established in 1950, the firm was acquired by Volvo in 2014. The company produces specialist vehicles - articulated and rigid dump trucks - which are used in industries like mining and construction. It has been reported that the jobs which have been earmarked to be cut include 10 administrative positions and 55 shop-floor positions. The job losses will be subject to the statutory consultation process, and once this is completed, further details about the timetable will be known.
Sources
16 June 2016: BBC Website
Citation
Eurofound (2016), Terex Trucks, Internal restructuring in United Kingdom, factsheet number 87874, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/87874.
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.
