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.
US computer multinational Hewlett-Packard (HP) will be cutting 220 jobs in Barcelona through voluntary redundancies as a result of its acquisition of Electronic Data Systems (EDS). Those who wish to leave the company voluntarily will be offered compensation of 58 days per year worked, according to union sources. When HP announced its purchase of EDS in 2008, the multinational estimated that it would have to lay off 24,000 around the world, of which 9,300 would be in Europe. EDS has 2,000 employees in Spain.
Eurofound (2009), Electronic Data System, Merger/Acquisition in Spain, factsheet number 69899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69899.