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 31 January Swedish-Finnish telecommunications company TeliaSonera announced its plans to cut around 1,800 jobs. These job cuts form part of a previously announced cost reduction strategy and will affect employees in the company’s Nordic and Baltic subsidiaries. The company also said that it is planning to create new posts in the near future.
The company currently employs around 28,000 staff and operates across 16 countries. TeliaSonera has carried out a number of job reduction measures during the last years (see here and here).
Eurofound (2013), TeliaSonera, Internal restructuring in European Union, factsheet number 74880, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74880.