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.
Ericsson, the Swedish-based provider of telecommunication and data communication systems, has announced the loss of 200 jobs in Kumla and the closure of its plant in Sundsvall resulting in the loss of 90 jobs. Although the company expects to complete its restructuring plan by the end of 2008, the last dismissals are likely to be implemented in the first half of 2009. The job cuts are attributed to a drop in revenue growth in 2007 and a need to reduce costs.
Eurofound (2008), Ericsson, Internal restructuring in Sweden, factsheet number 66531, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66531.