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.
Siemens plans to relocate one third of its 30,000 strong workforce in the sector of software development in low wage countries like the new member states of the EU. Thereby, Siemens intends to reduce its costs and to increase its presence in Eastern Europe. Siemens management argues that its competitors are following the same path.
Eurofound (2003), Siemens, Offshoring/Delocalisation in World, factsheet number 59509, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59509.