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.
Swedish mobile phone manufacturer Ericsson announced plans to cut 200 jobs at its R&D unit in Herzogenrath (nearby Aachen). Currently, 700 people are employed in the unit. The company blames the measure on technological progress in internet-based telephone appliances. The job cuts will be implemented by 2014.
Eurofound (2009), Ericsson, Internal restructuring in Germany, factsheet number 69671, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69671.