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 9 August 2006 Ericsson Germany, a subsidiary of the Swedish based telecommunication supplier, said it was to cut 210 out of 300 jobs at its German subsidiary Ericsson Network Services, a provider of installation services.
After announcing a cost-saving program in Germany in 2005, Ericsson Germany has already cut 350 administrative and sales jobs. The additional 210 job cuts will also come into effect in 2006.
Eurofound (2006), Ericsson Network Services, Internal restructuring in Germany, factsheet number 63904, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63904.