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.
Information / Communication Information Service Activities Information Service Activities 63 - Information service activities
180 jobs Number of planned job creations
Announcement Date
14 July 2016
Employment effect (start)
1 December 2016
Foreseen end date
Description
German IT Freudenberg Company will create 180 new jobs in its new subsidiary: Freudenberg IT Kosice in Slovakia. The Company has also expanded its business to the USA, Canada, China, Mexico and Hungary. According to the Executive Vice-president for Global Operations, Mohammad Ahmmad, dozens of talented IT specialists will be hired in Kosice by the end of 2016. The Executive Director of IT Kosice Valley cluster, Kristina Kerteszova, stated that the main factors which influenced the decision to move to Kosice include the high productivity and quality of the workforce, low staff fluctuation, and experienced management. More than 10,000 new jobs have been created in IT KoÅ¡ice Valley over the last few years, making the valley one of the most dynamic developing IT centres in Central and Eastern Europe.     Â
Â
Sources
14 July 2016: Hospodárske noviny
Citation
Eurofound (2016), Freudenberg IT Košice, Business expansion in Slovakia, factsheet number 88166, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88166.
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.
