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.
In July 2008, Sony Ericsson announced that they were to implement a savings plan with the goal of decreasing expenses worth of EUR300 million a year. At the same time the company announced a redundancy of 2,000 employees of a total of 12,000 in the world. In October 2008, it stood clear that 870 of the employees at the three sites in Sweden (Hässle-holm, Lund and Kista) were affected and given notice. In December, the results from the negotiations were presented. Lund is the company's largest site in Sweden, with a total of 3,100 employees (and 1400 external consultants, who will lose their contract with Sony Ericsson). After negotiations, 50 out of 230 planned redundancies will take place in Lund. In Hasselholm, 75 employees will be transferred to the site of Lund. However, 15 will be dismissed. In Kista, out of 1100 employees (including external consultants), 400 will lose their positions.
Eurofound (2008), Sony Ericsson, Internal restructuring in Sweden, factsheet number 67911, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67911.
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