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.
Equant, susidiary of France Telecom is to cut 1,744 jobs worldwide. This restructuring plan was announced on 19 April 2005 and will affect 20 % of its personnel (8,836 people). This decision concerns United States, United Kingdom, Germany, France, Australia and Singapore. Equant management wants to centralize its operational activities in India (Mumbai and Bombay), Egypt (Cairo) and Brazil (Rio de Janeiro) where unions expect that five hundreds jobs might be created. The delocalisation will be completed by the end of 2005 and every redeployment possibilities are considered.
Sources
21 April 2005: La Tribune
19 April 2005: TSR
Citation
Eurofound (2005), Equant, Offshoring/Delocalisation in World, factsheet number 61474, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61474.
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