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.
Go, a company operating in the Post and Telecommunications sector plans to cut between 350 and 602 jobs in Malta by 31 December 2009 through voluntary retirement and other measures. The CEO urged employees to take up the voluntary retuirement scheme that ends in May. He implied that that if the voluntary retirement schemes do not work, the decrease in headcount will be met via other measures, because the Board of Directors had established that the target headcount should be in the region of 1,000 employees in the short term. The former state-owned company was privatised in 2006 and was precluded from shedding and jobs for three years as part of the sale agreement. The company has been particularly hit by competition in the telecommunications sector. Three years ago, it had the monopoly on fixed line telephone.
Eurofound (2009), Go, Internal restructuring in Malta, factsheet number 68797, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68797.
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