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 10 December 2014 telecommunications group KPN announced that it will cut 580 jobs in its business division. This division employs 7000 employees. The total number of people employed at KPN in the Netherlands is 14,329. KPN has been continuously restructuring for a number of years, and has cut 4,650 jobs since 2011. On 04 February 2014 it announced its plan to cut a further 1,500-2,000 jobs by the end of 2016 in order to cut costs by approximately 300 million euro. In 2013, KPN invested 1.25 billion euro in the 4G internet frequency and due to financial difficulties announced that it would cut 5000 jobs by the end of this year to finance the purchase.
Eurofound (2014), KPN, Internal restructuring in Netherlands, factsheet number 77994, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77994.
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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