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.
Hewlett Packard, a company that works in the IT sector, has announced that 3,378 jobs at EDS, a company that they have recently taken over, are to be cut. This measure is part of Hewlett Packard’s decision to cut over 24,000 jobs worldwide since the takeover of EDS in September 2008. As of 12 October 2008, the company has yet to confirm when or where the job losses will occur, but the 15,000 UK-based EDS staff are based at over 200 sites across the country.
Eurofound (2008), Hewlett-Packard, Merger/Acquisition in United Kingdom, factsheet number 67210, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67210.