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. 28.25 - Manufacture of non-domestic cooling and ventilation equipment
350 jobs Number of planned job creations
Announcement Date
13 February 2017
Employment effect (start)
1 September 2017
Foreseen end date
Description
Slovak company Technov, a producer of components for air conditioning and ventilation equipment, will create 350 new jobs in the Rumanova village near Nitra. The company is investing €22 million in the new factory, which will include a painting unit, development centre and office buildings. Technov currently has nearly 130 employees in Rumanova. The construction of the new factory already commenced in 2016 and it should be completed in September 2017. The activities in the current facilities located in the centre of Rumanova will gradually be relocated to the new factory. The development centre will be added in 2023. According to a representative of the company, wages in Technov could be even higher than in the nearby, newly built Jaguar Land Rover factory.
Sources
16 February 2017: Hospodárske noviny
13 February 2017: Nitra 24
Citation
Eurofound (2017), Technov, Business expansion in Slovakia, factsheet number 90338, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90338.
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.
