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.
The global mining giant Anglo American plans to cut 19,000 jobs (a tenth of its workforce) out of 190,000 worldwide due to the sharp falls in commodity prices brought on by a contraction in the global economy. The firm said that the last year´s profit dropped by 30 % to USD 5.2 billion. As of February 2009, there is no information on when the job losses will be implemented by.
Eurofound (2009), Anglo American, Internal restructuring in World, factsheet number 68311, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68311.