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.
AT&T, the world´s biggest telecommunication services provider, has announced 12,000 job cuts (i.e. about 4% of the total staff) by the end of 2009 due to the global financial crisis. The restructuring costs will amount to USD 600 million.
Eurofound (2008), AT&T, Internal restructuring in World, factsheet number 67638, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67638.