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, the world´s leading mobile phone maker, said it plans to cut 1,700 jobs globally in the next couple of months. The workforce reduction is part of a major cost-cutting drive and will be across a number of departments, including marketing, development and support functions. About 700 jobs will be lost in Finland. Nokia employs about 125,000 people worldwide.
Eurofound (2009), Nokia, Internal restructuring in World, factsheet number 68516, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68516.