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.
Alcatel-Lucent, a global telecommunications operation, has announced the loss of up to 1,800 jobs to its European Works Council (EWC). It is reported that Alcatel plans to avoid compulsory redundancies and to implement the cuts by moving staff to overseas posts and natural attrition.
The secretary of the EWC stressed that about 500 positions were under threat in Italy (20% of the workforce) and 10% in Belgium. In France, only 5% of the workforce is under threat.
On the 13th of February Alcatel-Lucent announced its first profit (1 billion Euros) since the merger with Lucent in March 2006. Alcatel-Lucent employs 79,000 people in Europe.
Eurofound (2012), Alcatel-Lucent, Internal restructuring in European Union, factsheet number 73085, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73085.