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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.99 - Manufacture of other fabricated metal products n.e.c.
50 jobs Number of planned job creations
Announcement Date
20 January 2017
Employment effect (start)
7 September 2017
Foreseen end date
Description
The manufacturer of steel and composite constructions Peikko Lietuva is to create 50 new jobs in Kaunas in September 2017. The company has recently set up a new manufacturing plant that will be officially opened in Kaunas on 7 September 2017. The new plant was built next to Peikko’s existing plant in Kaunas. The investment in the plant exceeds 9 million euros. The new production unit will boost Peikko’s production capacity by more than 30 per cent. Currently Peikko Lietuva employs 261 employees.
Sources
5 September 2017: 15min.lt
Citation
Eurofound (2017), Peikko Lietuva, Business expansion in Lithuania, factsheet number 91852, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91852.
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.
