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.
Dutch telecommunications company Royal KPN NV will cut some 8,000 jobs between 2005 and 2009, the company said on 1 March 2005. The company will cut between 1,500 and 1,750 jobs per year. The job cuts are expected to lead to annual cost cut of €850 million ($1.1 billion) from 2010. KPN estimated the annual costs cut for the period 2005-2007 at €150 million ($198 million) and for the period 2008-2009 at €200 million ($264 million).
Eurofound (2005), KPN, Internal restructuring in Netherlands, factsheet number 61330, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61330.