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.
Against the backdrop of a global economic downturn, the Danish engineering company FLSmidth plans to cut up to 200 jobs in the project department in Valby, close to Copenhagen, in order to create the necessary flexibility and be better prepared for future uncertainties in the markets. This was announced to the Danish Financial Supervisory Authority on 19 January 2009. At global level FLSmidth is cutting 600 jobs in all. Statutory national negotiations will be initiated with the relevant Danish labour market organisations. FLSmidth expects that the downsizing of its workforce will have 'a limited positive effect on the earnings for 2009 and a full impact in 2010'.
Eurofound (2009), FLSmidth Danmark, Internal restructuring in Denmark, factsheet number 67957, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67957.