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 worlds largest supplier of technology, products and drilling to the oil and gas industry, Schlumberger, announced on the 13th of August 2018 that the company will have to cut around 100 jobs in Esbjerg, Denmark, as part of a larger savings round. Around 30 employees were made redundant at the end of July, and the management try to replace 70 of the redundant employees to new jobs. According to Schlumberger, the restructuring is due to the loss of a billion dollar contract with Total/Maersk Oil. The contract went to Halliburton, another giant in oil service businees.
Eurofound (2018), Schlumberger, Internal restructuring in Denmark, factsheet number 94799, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94799.