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.
On 3 December 2009, wireless technology company ST Ericsson announced the loss of 150 employees in Sweden. The measure is part of a cost savings plan. The company has approximately 1,500 employees mainly in Lund, but also in Linköping and Stockholm. The total number of employees is 2,000 including external consultants. Negotiations with the trade unions will begin in January 2010. ST-Ericsson is a joint venture of ST-NXP Wireless and Ericsson Mobile Platforms, two wireless semiconductor and platform companies.
Eurofound (2009), ST Ericsson, Internal restructuring in Sweden, factsheet number 70005, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70005.