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 For Transport Equipment Manufacture Of Other Transport Equipment 30.30 - Manufacture of air and spacecraft and related machinery
250 jobs Number of planned job creations
Announcement Date
13 July 2016
Employment effect (start)
13 July 2016
Foreseen end date
31 August 2016
Description
The Austrian aircraft supplier FACC, with headquarters in Upper Austria, has announced plans to create 250 new jobs. Over recent years the company has managed to constantly increase its turnover, although a cyber attack in 2015 has reduced its overall profit. In this context the Chinese owner Xian has dismissed the FACC CEO two month ago. Currently, approximately 20 new employees are hired each week for the FACC production site in Upper Austria, by the end of August 2016 staff should have increased by 250.
The ERM previously reported on restructuring events at FACC in 2007, 2008, 2010, 2011 and 2014. The company currently employs around 3,000 members of staff.
Sources
13 July 2016: Die Presse
14 July 2016: OÖ Nachrichten
Citation
Eurofound (2016), FACC, Business expansion in Austria, factsheet number 88144, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88144.
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.
