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 4 March 2020, the Danish telecom operator TDC confirmed, that its subsidiary Nuuday will lay off 185 out of it 4500 employees as part of an internal reorganisation. The company will cut the number of management teams from five to three; the work will be distributed among 200 teams with 10 employees in each team. The workers made redundant are informed later this month and are offered further training. Furthermore, TDC will try to find for them other jobs within the group.
Nuuday is one half of the TDC Group, which sells broadband, television and telephony to consumers and businesses. Nuuday among other things comprises the companies YouSee, Telmore, Fullrate, Hiper, TDC Erhverv and Blockbuster.
Eurofound (2020), TDC, Internal restructuring in Denmark, factsheet number 100731, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100731.