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.
Nokia Siemens, the joint venture telecommunication networks, has announced that it is to cut 1,820 jobs, mainly in Finland and Germany. The company which currently employs 60,200 employees around the world, is undergoing its restructuring plan and is planning to dismiss 750 people in Finland and to close one centre in Germany (Munich) with 500 workers and to sell another German business unit with 500 employees to its local management. The remaining job cuts are to be implemented in Egypt and United States.
Eurofound (2008), Nokia Siemens Networks, Internal restructuring in World, factsheet number 67410, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67410.