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 French multinational food catering company Sodexo announced plans to cut around 1,200 to 1,500 jons in the next 18 months out of a total of 420,000 employees worldwide. These job cuts come in the context of a cost saving plan to save €200 million at the end of fiscal 2017-2018. It is reported that Sodexo has already reduced its workforce by around 700 posts in 2012. Job cuts were recently announced in the UK, in March 2015 (700 job cuts) and in Norway (50 job cuts).
Eurofound (2015), Sodexo, Internal restructuring in World, factsheet number 85544, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85544.