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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
168 jobs Number of planned job creations
Announcement Date
26 September 2017
Employment effect (start)
Foreseen end date
Description
Software company Veeqo has announced plans to create 168 new jobs. The Swansea based company has received 500,000 GBP of Welsh Government support to help with the expansion. The firm aims to expand its global client base which already includes well-known brands such as Amazon and E-Bay. Veeqo's technology helps retailers ship their goods using a single software platform. The firm has offices in London, Berlin, Canada and Kurdistan, though it is understood that the majority of the new jobs will be based in South Wales. In addition to the jobs announced, 20 new jobs have already been filled in the past twelve months. The new positions are expected to be filled over a three year period.
Sources
26 September 2017: Wales Online
26 September 2017: Business Cloud
Citation
Eurofound (2017), Veeqo, Business expansion in United Kingdom, factsheet number 92250, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92250.
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.
