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 Thursday 6th of July, Microsoft, the US software giant announced a reorganisation plan that will lead to the loss of 3,000 jobs worldwide, largely in sales. Around 75 percent of the job cuts are expected to affect staff outside the United States, although no specific locations have been announced for the job reductions at this stage. As of July 2017, the exact time frame for the job reductions have not been reported.
The company specified that the aim of the reorganisation is not to cut costs, but to change how Microsoft operates sales. Microsoft employs around 121,000 workers worldwide, 71,000 of which in the US.
Eurofound (2017), Microsoft, Internal restructuring in World, factsheet number 91646, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91646.