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.
Dutch based ICT-group Getronics announced on 2 August 2006 that in the coming six to twelve months 1,000 full-time jobs will be lost, most of them in the US, UK, Spain and France. In the US, 400 jobs will be lost, mainly due to the termination of two large contracts. In the EU-countries mentioned above, the dismissals will be effected in the Managed Services department of Getronics, where profit margins are relatively low. In the Netherlands, where Getronics employs 10,000 employees, no job losses were announced. Getronics reported a loss of 41 million euro over the first half of 2006.
Eurofound (2006), Getronics, Internal restructuring in World, factsheet number 63857, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63857.