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 5 May 2010, the steel company ArcelorMittal has announced to the European Works Council, an outsourcing project of the software services infrastructure Europe affecting about 600 employees mainly in France (162), Romania (92), Poland (76), Belgium (71), Spain (62), Czech Republic (58), Luxemburg (44), Germany (17) and Italy (7).
ArcelorMittal has taken a similar decision last year for the accounting activities which were offshored to Poland and India. These IT Jobs could be relocated either in other EU countries or India. Six firms will be requested to express their interest in this outsourcing operation: Hewlett-Packard, IBM, HCL, CSC, Wipro and Capgemini. The company will take its final decision in late September or early October.
Eurofound (2010), ArcelorMittal, Offshoring/Delocalisation in European Union, factsheet number 70515, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70515.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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