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 Swedish company Ica, specialised in the grocery retail sector, has announced plans to dismiss 200 employees in back office roles. The affected units are located in the two cities of Solna and Västerås. The job losses are part of the company’s plan to save SEK 180 million (€17 million), which are to be invested into digitalisation and automation. The cuts include existing jobs and vacancies, and are expected to be implemented in the second half of 2019. Ica is currently undertaking negotiations with the trade union on the format of the cuts.
Eurofound (2019), ICA , Internal restructuring in Sweden, factsheet number 96621, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96621.