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.
Tollpost Globe, owned by the Swedish postal company Posten AB, has announced that it is to reduce costs by NOK 160 Million in 2009 by cutting around 100 permanent jobs and 40 temporary jobs.
The downsizing will be implemented through the use of severance pay packages; the management and the union expect no need for direct dismissals. The union representatives stated that the process has been run smoothly and the union is satisfied with the decision of avoiding dismissals. The downsizing will start from 1st of December; no timeline has been given as to when these redundancies will be implemented by.
Eurofound (2008), Tollpost, Internal restructuring in Norway, factsheet number 67544, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67544.