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 11 May 2006, Ericsson, one of the leading firms in the telecommunications sector, announced to cut 350 jobs at German locations in Backnang, Düsseldorf, Frankfurt and Offenbach. The announced reduction of jobs is still part of the internal restructuring programme following the takeover of the British telecommunication company Marconi in 2005.
Eurofound (2006), Ericsson, Internal restructuring in Germany, factsheet number 63492, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63492.