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.
Transportation / Storage Warehousing And Support Activities For Transportation, Postal And Courier Activities Warehousing And Support Activities For Transportation 52.2 - Support activities for transportation
274 jobs Number of planned job losses
Announcement Date
15 September 2017
Employment effect (start)
15 September 2017
Foreseen end date
31 December 2020
Description
On 15 September 2017, the German automobile club ADAC announced it will cut 350 to 400 jobs at its headquarters in Munich. ADAC representatives stated that cost reductions were required to ensure the survival of the automobile club, as costs are expected to exceed annual revenue by 2020.
ADAC wants to avoid operational terminations and plans to reduce jobs through partial retirement programmes, natural fluctuation, compensation offers and transfers.
As of September 2017, ADAC has 3,500 employees in Munich tasked with running the automobile club, car insurance, car rental and publishing activities.
UPDATE 5 December 2017:
On 5 December 2017 ADAC confirmed that the automobile club will only be cutting 274 jobs in Munich until the end of 2020. This comes after management and employee representatives were able to find a compromise, which intends to achieve the job reduction by natural fluctuation, generous compensation offers and transfers within the company. All in all these measurements will save ADAC €80 million, which is still €90 million shy of its goal of €170 million.
Sources
15 September 2017: münchen.tv
15 September 2017: Offenbacher Post (Online)
15 September 2017: nordbayern.de
5 December 2017: Süddeutsche Zeitung (Online)
Citation
Eurofound (2017), ADAC, Internal restructuring in Germany, factsheet number 91976, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/91976.
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.
