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.
IT consultancy company HCL Technologies announced a job reduction of 160 in Växjö.
This was announced three months after the merger with local IT and computer game company Boss Media. Job reductions are to affect only former staff of Boss Media.
Reportedly, the plans were denounced by workers as HCL advocated a continued activity in Växjö when entering the merger. The company stated that some IT employees could be relocated to HCL Technologies clients or internally to other HCL Technologies sites outside the Nordic Countries.
HCL Technologies is based in India, employing about 88,332 globally as of December 2013.
Eurofound (2014), HCL Technologies, Internal restructuring in Sweden, factsheet number 76520, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76520.
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