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.
Nokia has announced job losses following last October's acquisition of French telecommunications company Alcatel-Lucent. The job losses, taking place between now and the end of 2018, are part of a wider drive to cut €900 million in operating costs. 1300 jobs will be cut in Finland, 1400 in Germany, 200 in Italy, and 400 in France, although there will be 500 new research and development posts created in France. The job losses will largely come as a result of deduplication of jobs created through the merger, as processes are streamlined. The merger is part of a move by the company to diversify between fixed and mobile telecommunications to compete with companies such as Huawei. The Finnish government has intervened, asking for European Union Globalisation Funds to assist the 1300 job losses the country will undergo.
Eurofound (2016), Nokia, Merger/Acquisition in European Union, factsheet number 87371, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87371.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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