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.
American Airlines has announced a reduction of its workforce worldwide due to increasing energy prices this year. The company´s management has informed trade unions about its intention to dismiss up to 900 people in early September 2008. The firm has also announced that over 6,800 workers ( i.e. 8 percent of the staff) might lose their jobs by the end of 2008.
Eurofound (2008), American Airlines, Internal restructuring in World, factsheet number 66886, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66886.