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.
Hitachi, an electronics and engineering Japanese firm, is to cut 7,000 jobs worldwide. The cuts were blamed on falling demand for automobiles, semiconductors and industrial machinery. The job losses will affect its car equipment and electronics divisions. The company has made an annual loss of £5.5bn and is planning to reduce the number of its subsidiaries to 700 from 910 by March 2010 as an additional cost-cutting measure.
Eurofound (2009), Hitachi Ltd, Internal restructuring in World, factsheet number 68025, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68025.