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.
US-based IT-company Sun Microsystems, one of the world's leading IT-companies, is to extend its restructuring activities to achieve an operating margin of 4% by 2007.
In July 2006 the company announced its intentions to shed 120 out of 1,800 jobs in Germany, to close down all of its German offices apart from the headquarter in Munich and to turn most of its employees into teleworkers working at their private home.
In October 2006, Sun Microsystems confirmed that 120 jobs in Germany are currently shed adding that worldwide 5,000 jobs (13% of the workforce) will be cut.
Eurofound (2006), Sun Microsystems, Internal restructuring in Germany, factsheet number 63840, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63840.