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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.

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Restructuring events database
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Announcement date Country Company Sector Restructuring type Employment change
10 October 2003
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Ireland
B&Q (46 - 47) Wholesale / Retail Business expansion +165
10 October 2003
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Belgium
Fortis Bank (64 - 68) Financial / Insurance/ Estate Internal restructuring -160
10 October 2003
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Belgium
SCF (46 - 47) Wholesale / Retail Offshoring/Delocalisation -42
10 October 2003
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Germany
Lufthansa Deutschland AG (49 - 53) Transportation / Storage Internal restructuring -2000
9 October 2003
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Sweden
Arcando Frontec (61 - 63) Information / Computing Internal restructuring -135
9 October 2003
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United Kingdom
Hoover (10 - 33) Manufacturing Offshoring/Delocalisation -260
8 October 2003
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Italy
Pharmacia (10 - 33) Manufacturing Internal restructuring -1150
8 October 2003
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Germany
SKF (10 - 33) Manufacturing Outsourcing -318
8 October 2003
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United Kingdom
Friends Provident (64 - 68) Financial / Insurance/ Estate Internal restructuring -500
7 October 2003
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Denmark
Novo Nordisk Engineering (69 - 75) Professional Services Internal restructuring -120
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