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.
Vodafone's chief executive has announced that the company would cut 1,700 jobs across shared service centres in Egypt, India and Romania this financial year. Job reductions represents about 8% of the workforce in that side of the business (22,000 positions). The cuts are part of a cost saving plan of about €8 billion. The chief executive stresses that more back-office functions are taken over by 'robots'. Vodafone employs about 105,000 employees worldwide.
Eurofound (2018), Vodafone, Internal restructuring in World, factsheet number 95551, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95551.