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.
Telecommunication company Telia Sonera will cut 700 employees across Sweden due to competition and pressure for cost reduction. Most of the affected employees work in the static broadband department. The company provides telecommunication services to the Nordic and Baltic regions, as well as the emerging markets of Eurasia, including Russia, Turkey, and Spain.
Eurofound (2009), TeliaSonera, Internal restructuring in Sweden, factsheet number 68959, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68959.