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.
The multinational Danish container shipowner, Maersk Line annonced on 30 September 2009 that 170 Danish officers will be made redundant. In the longer perspective they will be exchanged with foreign officers in order to bring down labour costs. This decision is a brake with a 100 years tradition that A. P. Moller ship first and foremost engaged Danish officers. "It is our task to secure that Maersk Line starts to earn money again. Therefore it was necessary to dismiss the Danish officers. it is a question of savings," said director in Maersk Line, Mr Henrik Sloth.
Eurofound (2009), Maersk Line, Internal restructuring in Denmark, factsheet number 69644, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69644.