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 company Ericsson, network equipment and mobile phone producer, will reduce its workforce by 95 in Mölndal in Sweden. This is due to a shift from hardware to software in order to improve efficiency within the company. The department affected is the Research and Development with support functions and the reason for the cutback is the ongoing shift in technology. Affected are the employees within the units R&D, sales and administration. Also the number of consultants will be reduced. The negotiations are expected to finish before summer vacations start.
Eurofound (2012), Ericsson, Internal restructuring in Sweden, factsheet number 73528, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73528.