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.
Sun Microsystems, an American IT company, has announced that it is to cut up to 2,500 jobs (7,5% of its workforce worldwide), due to the first quarter 2008 losses amounting to aprroximately USD 34 million. As of May 2008, there is no information on when the job losses will be implemented by.
Eurofound (2008), Sun Microsystems, Internal restructuring in World, factsheet number 66617, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66617.