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.
The Swedish telecom company Ericsson said it will hire 500 additional engineers across several countries as part of a restructuring aimed at becoming more customer-oriented.
The new engineers will be recruited mainly in Sweden to "accelerate research" in technology for future networks and multimedia, the company said. "We are stronger than ever and the time is right to accelerate the pace of business development," Chief Executive Carl-Henric Svanberg said. "Multimedia is an area with obvious business opportunities and potentially a powerful driver for increasing network capacity and investments by operators." The wireless-equipment maker said it will divide the company into three distinct business units, geared toward specific market segments - networks, global services and multimedia. The reorganization will take effect on 1 January 2007.
Eurofound (2006), Ericsson, Business expansion in World, factsheet number 64112, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64112.