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 state-owned coal mining company Store Norske Spitsbergen Grubekompani at Svalbard has announced that it is to reduce its workforce from 400 to 300 employees during the coming two years. As the coal prices have now dropped dramatically, the manager, Bjørn Arnestad, told the newspaper E24 that the company had to cut costs by 15% to prepare for a challenging future. The company will therefore reduce the scale of hired services as well as the number of employees. The manager told E24 that there will be no dismissals.
Eurofound (2009), Store Norske Spitsbergen Grubekompani, Internal restructuring in Norway, factsheet number 68363, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68363.