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.
Corning, the world leader in specialty glass and ceramics, is to cut 3,500 jobs by the end of 2009. On 27 January 2009, the company announced the results for the fourth quarter and full year 2008, along with the company's planned restructuring actions. Around 1,500 redundant workers are salaried employees, while around 1,400 are temporary workers. Corning operates in five markets: display technologies; environmental Technologies; telecommunications; life sciences; specialty optic materials. It has around 30,000 employees worldwide.
Eurofound (2009), Corning, Internal restructuring in World, factsheet number 67986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67986.