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.
The Danish engineer group, FLSmidth, employing 16,000 people globally, announced the cut of 140 jobs in Denmark. The redundancies are part of an efficiency plan lasting 18 months that will cause 1,100 job losses globally. A total sum of 20 sites will be closed at global level.
Updated, 22-11-2013: As reported, FLSmidth announced plans for further 130 job cuts in Denmark. The timeline for the restructuring plans is not yet available.
Eurofound (2013), FLSmidth, Internal restructuring in Denmark, factsheet number 75811, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75811.