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 Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
430 jobs Number of planned job creations
Announcement Date
7 July 2016
Employment effect (start)
1 January 2017
Foreseen end date
Description
German producer of components for the automotive industry IFA Powertrain Poland has announced that it will create 430 jobs at its new factory in Ujazd (Katowice Special Economic Zone, Poland). The company has just started building the factory of drive shafts for such companies as Daimler and plans to invest PLN 430 million (EUR 98.85 million USD 110.25 million). The factory is expected to be operational at the beginning of 2017.
IFA Powertrain is a part of automotive company IFA Rotorion; the company produces drive shafts and car accessories. IFA Powertrain has factories in Germany, USA and China and employs over 2,500 people worldwide.
Sources
7 July 2016: Strefa Biznesu
Citation
Eurofound (2016), IFA Powertrain, Business expansion in Poland, factsheet number 88273, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88273.
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.
