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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26.70 - Manufacture of optical instruments and photographic equipment
220 jobs Number of planned job losses
Announcement Date
18 October 2017
Employment effect (start)
Foreseen end date
Description
On 18 October 2017, the German optics and electronics manufacturer Carl Zeiss, confirmed the loss 140 jobs in and the relocation of 80 jobs from Wetzlar to Oberkochen due to internal restructuring. All jobs are part of the Zeiss Sports Optics in Wetzlar which currently has 300 employees. Cuts will mainly affect production. There is no time frame yet, however, negotiations with the works council regarding a social plan will start shortly.
Due to a deficit of 15 million Euros over the last ten years, cuts have to be made in order to preserve the site in Wetzlar and make Zeiss Sports Optics profitable again.
Sources
18 October 2017: Wetzlar Neue Zeitung Online
18 October 2017: Hessenschau Online
Citation
Eurofound (2017), Zeiss Sports Optics, Internal restructuring in Germany, factsheet number 92311, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92311.
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.
