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.
Finnish telecommunications corporation Nokia will cut 10,000 jobs globally. Nokia had announced in April 2012 to cut 4,000 jobs worldwide (see here), but the newly announced job losses come on top of previous announcements of redundancies.
The Finnish phone maker expects to finalize the restructuring by the end of 2013.
Among other measures, Nokia will close its plants in Ulm (Germany, see factsheet), Burnaby (Canada) and its manufacturing facility in Salo (Finland).
Eurofound (2012), Nokia, Internal restructuring in World, factsheet number 73760, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73760.
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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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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