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 10 October 2013, mining company Kinross announced its intention to cut 300 jobs as response to declining gold prices.
The job cuts will be affected across the company’s gold mining operations in Tasiast (Mauritania) as well as its administrative divisions in Nouakchott (Mauritania) and Las Palmas (Spain).
The Canadian company specialised in gold mining currently employs around 9,000 employees worldwide.
Eurofound (2013), Kinross, Internal restructuring in World, factsheet number 75977, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75977.