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.
Nordic bank Nordea plans to cut some 2,000 jobs across the region in 2011 and 2012 to counter the effects of rising costs due to the Basel II agreement. The firm outlined that the job losses would be spread across Scandinavia with 500-650 in Denmark, Finland and Sweden, and around 200-300 in Norway. The bank hopes that a large part of the layoffs can be achieved on a voluntary basis, with the process completed by November. With around 34,000 employees, Nordea is the biggest Nordic bank.
Eurofound (2011), Nordea, Internal restructuring in Sweden, factsheet number 72307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72307.