Communiqué, issue 5, 2003
Articles
- Approaching enlargement
- Changes in Europe's financial services market
- Foundation seminar: living and working conditions in 2010
- EIRO expands to cover ten enlargement countries
- Promoting employee financial participation
- Enlargement: longer working hours in the acceding and candidate countries
- European Restructuring Monitor
- Observers from the acceding countries join the Administrative Board
Previous issues of Communiqué
Companies across Europe announced the loss of almost 66,151 jobs as a result of their restructuring initiatives between 1 July and 30 September 2003, according to recent data from the European Restructuring Monitor (ERM). 100 new jobs in France and 750 in Ireland were created through restructuring activities, totalling 850 jobs.
The ERM is an information service of EMCC, and analyses data on industrial restructuring as announced in Europe’s financial press.
Announced job reductions due to restructuring per 10,000 people employed
"Ireland, Finland and Denmark have lost most jobs, given the smaller size of their active labour force, although the highest relative numbers are noted in Germany, France and the United Kingdom," comments Barbara Gerstenberger, research manager at the Foundation’s European Monitoring Centre on Change (EMCC). "Manufacturing is the sector that accounted for the highest number of cases (76) and the employment effects here are quite significant, with around 25,000 jobs threatened."