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.
Northwest Airlines, a subsidiary of American Delta Air Lines, is to axe 2,500 jobs out of approximately 30,000 worldwide due to increasing fuel price. Job losses will mainly affect operating personnel and the management. At the first stage, the company will apply the policy of voluntary redundancy and contracts ending and not being replaced. There is no exact date at which the job cuts will start and be completed.
Eurofound (2009), Northwest Airlines, Internal restructuring in World, factsheet number 69275, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69275.