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.
On December 15th, the management of the Swedish group Electrolux (51000 employees globally) announced its intention to cut 800 jobs in the EU (no precise location). In addition, on December 14th, Electrolux announced the closure, in 2013, of a plant in Canada (1300 employees). In terms of the EU, Electrolux management explained there will be no plant closures and that the restructuring will start gradually from January 2011 and be completed by the last quarter of 2012.
Eurofound (2010), Electrolux, Internal restructuring in European Union, factsheet number 71318, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71318.