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.
In January 2009, Microsoft, the US-based world´s largest software company, announced that it is to cut 5,000 jobs worldwide out of approximately 90,000 due to the current economic slowdown. However, German newspaper Frankfurter Allgemeine Zeitung (FAZ) quotes Microsoft management saying that the company has also plans to create 2,000 to 3,000 new jobs in new technology fields. No time line is given. Most of the new jobs will be created in the USA. According to FAZ, Microsoft as well as US-IT-company Intel stress the fact that planned investments in development and job creation measures will be implemented in the US.
Updated, 17-07-2014: As reported the final number of job cuts is 5,800.
Eurofound (2009), Microsoft, Internal restructuring in World, factsheet number 68207, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68207.