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.
United Technologies Corporation (UTC), US-based industrial company, has announced its USD 600 million restructuring plan for 2009 that will result in global employment reduction of 11,600 (5% of its current workforce). These reductions, together with workforce reduction occurred in 2008, will represent a total 18,000 job cuts. UTC is a diversified company that provides a broad range of high technology products and support services to the building system and aerospace industry.
Eurofound (2009), United Technologies Corporation, Internal restructuring in World, factsheet number 68477, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68477.