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.
Relacom is an entrepeneur company within communication nets, and a result of a merger in the autumn 2005 between Telavie (Bravida) and Flextronics Network Services. The company is owned by Altor (70%), a private equity firm focusing on investments in Nordic-based companies, and Flextronics International (30%). The Norwegian telecom company Telenor which is majority owned by the state, decided at the Board meeting 8th of March to outsource the so called "Feltstyrken" to Relacom. Feltstyrken consist of 427 people working with repairing and maintenance of Telenor's communication nets in Norway. The employees will be transferred from Telenor to Relacom within 31st of March. The contract lasts until 2010. Relacom that has 1900 employees before this outsourcing, states that they need all the 427 employees, but cannot "give promises for the future" as they want a synergy effect in the long run. The employees in Telenor and their union - Electricians & IT Workers Union (EL & IT) - are strongly against the outsourcing. They point at the uncertainty as to the future in Relacom and questions as well Telenor assertions of saving money. In addition the union warns against the consequences to the security, preparedness and vulnerability of the telecommunication net in Norway.
Eurofound (2006), Relacom, Business expansion in Norway, factsheet number 63437, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63437.
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