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.
Amphenol ConneXus, the Estonian subsidiary of the Swedish company, has announced the reduction of 88 jobs, which represents 16% of the total 537 employees. The dismissals are to take place at the end of July or the beginning of August 2009.
This is the second large dismissal in the company during the year - the first one took place in February when 131 persons were dismissed (see also ERM factsheet). As a result, more than 200 workers have been dismissed from the company during 2009. About 700 workers were employed in the company at its peak. According to the comments of the executive director of the company in the daily newspaper Eesti Päevaleht, the reason lies behind reduction in work orders.
Eurofound (2009), Amphenol ConneXus, Internal restructuring in Estonia, factsheet number 69339, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69339.
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