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.
On 6 March 2013, Swedish power company Vattenfall announced its intention to lay off about 2,450 staff by 2015 in an attempt to cut costs. Most of these job cuts will take place in Germany (1,500 positions), followed by the Netherlands (500) and Sweden (400). The remainder 50 job cuts will take place in other countries with no further specifications (Denmark, Finland, Poland or the UK). According to reports from Germany, where Vattenfall currently employs around 20,000 people, the job cuts will mostly affect staff in Berlin, Cottbus and Hamburg. German trade unions have announced strikes as a response to these job cuts.
Swedish state-owned Vattenfall currently employs around 34,000 employees worldwide.
Eurofound (2013), Vattenfall, Internal restructuring in European Union, factsheet number 75044, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75044.
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