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 Other Transport Equipment 30.11 - Building of ships and floating structures
400 jobs Number of planned job creations
Announcement Date
6 May 2019
Employment effect (start)
6 May 2019
Foreseen end date
31 December 2020
Description
The Italian company Fincantieri, one of the world’s largest shipbuilding groups, will hire 400 employees to work as welders and toolmakers at the company's site in Braila and Tulcea. The decision is to hire qualified workers who were trained by the company at its site from Braila and Tulcea by the end of 2020. In the last two years, the company decided to invest in specialised training for its future employees due to a shortage of specialised workers in Romania; currently, the company employs 465 Vietnamese workers. As of May 2019, Fincantieri employed through its subsidiary Vard approximately 5,000 people at its shipyards in Tulcea and Braila.
Eurofound (2019), Vard Group, Business expansion in Romania, factsheet number 97711, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/97711.
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.
