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.
Britain-based telecommunications services provider Colt Telecom has decided to transfer some 300 jobs from Germany to India by the end of 2005. The German subsidiary of Colt Telecom, based in Frankfurt, will shift these jobs to New Delhi. Colt has also decided to lay off 100 workers by the end of this year to trim spiralling expenses. A large part of the retrenched workers will move to associate companies and will have an opportunity to undergo retraining.
Eurofound (2004), Colt Telecom, Offshoring/Delocalisation in Germany, factsheet number 60549, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60549.