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.
Telecom company KPN has announced it will cut between 4,000 and 5,000 jobs in the Netherlands in the coming four years. A large proportion of these jobs will be outsourced to India. The job cuts are attributed to the loss of turnover in the traditional telecom activities, due to the increasing use of social media and various software like ping and voip. Unions and the central Works Council reacted opposed the decision.
UPDATE: On 23 April 2012 KPN announed it will increase the speed of the restructuring with two years, finalizing the process already in 2013. Background is the increasing loss of turnover in its mobile phone netwerk, due to freely available services like Skype and Facebook.
Eurofound (2011), KPN, Outsourcing in Netherlands, factsheet number 72086, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72086.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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