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.
Fujitsu, Japanese producer of computers and telecommunications applications, revealed its plans to make 5,000 redundancies out of its global workforce. The job cuts will concern the company’s chip production at Fujitsu Technology Solutions. This move is part of a merge of its LSI chip production with that of Panasonic.
The company currently employs around 170,000 employees worldwide and is planning to lay off around 3,000 in Japan and 2,000 overseas, mostly in Europe. The job reductions will thus affect around 3 per cent of the company's global workforce.
The company reportedly has entered discussions with its works council in Germany. However, so far no information is available on how many jobs in Germany might be affected.
It has been reported that Fujitsu, with its headquarters in Osaka, has reduced its workforce by 38,000 since last April, partly due to a decrease in smart phone sales in Europe. Fujitsu Technology Solutions is currently one of the largest technology companies in Europe, employing around 13,000 employees.
Eurofound (2013), Fujitsu Technology Solutions, Internal restructuring in World, factsheet number 74894, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74894.
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