Communiqué, issue 4, 2004
Articles
- Towards the Lisbon objectives: The new four-year programme
- Occupational pension systems in Europe
- Quality of life in Germany and Poland
- Focusing on Europe’s working poor
- ERM records high levels of job losses
- Living to work, working to live
- Life satisfaction varies but Europeans are generally optimistic about the future
- Challenging times ahead
Previous issues of Communiqué
The European Restructuring Monitor confirms an ongoing trend of high levels of redundancies in Europe during the second quarter of 2004.
A total of 57,959 job losses were announced as the result of 163 company restructuring cases during the second quarter of 2004 (1 April-30 June), according to the Foundation’s European Restructuring Monitor (ERM) quarterly. During the same period, 16, 373 new jobs were created. The latest issue of the ERM quarterly also presents a country focus on Slovakia, analysis of Europe’s textiles and leather industry and details of two recent company restructuring cases in Spain and Poland.
Persistent trends
In line with previous trends, job losses in the financial intermediation, transport and telecommunications sectors remain high. Europe’s financial sector announced heavy job losses in the UK (c.6,000), Germany (c.1,500) and the Netherlands (c.1,200). The UK mining and quarrying sector, as well as electricity, gas and water supply, have experienced significant job losses, all of which have a major impact on the relatively small workforce employed in these sectors across Europe.
Announced job reductions due to restructuring across sectors, per 10,000 people employed
Source: European Restructuring Monitor