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.
US computer company Sun Microsystems is to cut up to 5,000 jobs, or 13% of its workforce worldwide, in an attempt to turn around five years of losses. The firm aims to eliminate the jobs over the next six months, which it said should yield annual cost savings of up to $590m (£313m). But the restructuring plan is expected to cost Sun up to $500m over the next few financial quarters. The firm wants to regain market share from rivals Dell and Hewlett-Packard.
Eurofound (2006), Sun Microsystems, Internal restructuring in World, factsheet number 63594, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63594.