Restructuring events
European Restructuring Monitor (ERM)
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.
Sonofon made 421 full-time jobs redundant throughout 2002, mostly through outsourcing of in-house activities, due to a long crisis in the mobile telephone market. An internal discussion between the owners, American Bell South and Norwegian Telenor, lead to further lay-offs of 80 people in october 2003.
Eurofound (2002), Sonofon, Internal restructuring in Denmark, factsheet number 59260, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59260.