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.
Hurtigruten,a Norwegian Coastal Voyage Group, has announced that it is to cut 200 jobs by the end of 2009. 80 jobs will be lost in Norway, while the remainder job losses will occur at several sales offices around the world.
Hurtigruten's management has been grappling with severe economic difficulties for long time. On 8th October 2008, the Board decided to cut annual costs by NOK 150 Million. The chief shop steward said after the announcement that she expects the cuts to be spread evenly throughout the organisation, also at the management level.
Hurtigruten runs 11 ships along the Norwegian coast, in addition to 54 ferries and high-speed vessels in Nordland, Troms and Sunnmøre.
Eurofound (2008), Hurtigruten, Internal restructuring in World, factsheet number 67268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67268.