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.
Construction Specialised Construction Activities Specialised Construction Activities 43.21 - Electrical installation
350 jobs Number of planned job losses
Announcement Date
25 February 2014
Employment effect (start)
Foreseen end date
1 October 2014
Description
Telecom installation company Relacom is reducing its Norwegian staff by 350 employees. Units in the eastern and central parts of the country will be most affected. Both administrative personnel and telecom installers will be affected.
The stated goal of the restructuring is to increase competitiveness.
A majority of the job cuts will be implemented through voluntary retirements, but a significant number of staff will be dismissed. The exact number of direct dismissals is not yet clear. The company is aiming at finishing the restructuring before October 1st this year.
Eurofound (2014), Relacom, Internal restructuring in Norway, factsheet number 76679, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76679.
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