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.
Japanese electronics company Fujitsu has announced plans to cut 1,800 jobs from its UK workforce. The company, which is mainly involved in the provision of IT systems for large companies, has informed staff of its plans. The company is also reported to be considering cutting 400 jobs from its workforce in Finland. The UK losses will be spread across the company's various sites, including its large sites in Manchester and Belfast. It is understood that the majority of the job losses will occur in 2017, though some may take place in 2018. Some of the jobs will be offshored.
The company has also given notice that it is to discontinue its UK works council. The Unite trade union is resisting this move. Unite also commented on the job losses, arguing that the company could not justify its decision in light of the large profits made by the UK subsidiary in the previous year.
UPDATE 11/04/2017 According to the Unite union, significant job losses have been avoided at Fujitsu in Northern Ireland. The company employs 700 people in Northern Ireland and had expected numerous job losses as part of the cuts announced in October 2016. It is now being reported that total losses in Northern Ireland will be less than 20, though there is no further information about the total number of expected job cuts across all the company's UK operations.
Eurofound (2016), Fujitsu, Internal restructuring in United Kingdom, factsheet number 88902, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88902.
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