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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
300 jobs Number of planned job creations
Announcement Date
28 February 2019
Employment effect (start)
Foreseen end date
Description
Finnish car manufacturer Valmet Automotive has announced plans to create 300 positions at its new car battery plant in Salo. Production is expected to be launched during 2019. The investment, which is part of the company’s strategy to expand its electronical traffic services, has been welcomed by the local authorities.
Valmet Automotive had some 3,800 employees in 2017. The company has been growing rapidly in the past years. Previous business expansions took place in February 2018 (1,000 jobs created), June 2017 (100 jobs created) and March 2017 (300 jobs created).
28 February 2019: Salon Seudun Sanomat (www.sss.fi)
Citation
Eurofound (2019), Valmet Automotive, Business expansion in Finland, factsheet number 97361, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97361.
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.
