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.
In February 2009, TeitoEnator, one of the leading IT service companies in Northern European, announced the loss of 350 jobs, out of which 170 in Sweden, and another 180 in Denmark, Norway, Germany, the UK, Latvia and India. The redundancies are part of the Performance Improvement Programme. As of April 2009, most of redundancies announced in early 2009 have already been implemented.
Eurofound (2009), TietoEnator, Internal restructuring in World, factsheet number 69133, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69133.