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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.92 - Manufacture of machinery for mining, quarrying and construction
100 jobs Number of planned job creations
Announcement Date
28 December 2016
Employment effect (start)
Foreseen end date
Description
The Swedish engineering company Sandvik intends to double the production capacity of its factory in Turku. Since September 2016, some 50 new employees have been hired at the factory, which now engages approximately 500. More than 100 new employees, mostly welders and different types of technicians and assemblers, are still needed. The expansion is partly due to the global increase in the price of metal, but also to the demand for the specific large mining machines developed and built in Turku. In addition to the employment effects at the factory itself, manifold growth is expected within Sandvik's wide network of subcontractors. The key question of the expansion is whether the company will be able to find enough competent workforce: Sandvik will be competing for employees with the equally expanding Meyer Turku Shipyard and the Valmet Automotive car factory in nearby Uusikaupunki.
Sources
28 December 2016: Turun Sanomat
Citation
Eurofound (2016), Sandvik Mining and Construction, Business expansion in Finland, factsheet number 89697, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89697.
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.
