Communiqué, issue 1, 2004
Articles
- Similar perceptions of quality of life across Europe
- Higher collective bargaining levels in EU than Japan and USA
- Migration levels likely to be small, survey reveals
- Sharpening Europe's competitive edge
- Spotlight on working conditions in two sectors
- A road map for conflict resolution
- Working conditions: an international comparison
- Europe's small economies worst hit by industrial restructuring cases
- Part-time workers still experience adverse working conditions
Previous issues of Communiqué
Europe’s small economies worst hit by industrial restructuring cases
A total of 67,058 jobs were lost as a result of company restructuring in the European Union during the last quarter from 1 October until 30 December 2003, according to new figures released from the Foundation’s European Restructuring Monitor Quarterly, available online at www.erm.emcc.eu.int. The manufacturing sector in Belgium was worst hit, with massive redundancies following the closure of Ford’s plant in Genk, followed by Luxembourg, Denmark and Finland. This confirms the trend that Europe’s small economies are suffering most in the current economic climate. Over the same period, there were ten announcements signalling the creation of 2,785 new jobs through restructuring activities.
The ERM tracks, analyses and provides statistics on industrial restructuring cases as reported in the press across the 15 current EU Member States, involving the reduction or creation of at least 100 jobs (or affecting 10%) of the workforce in sites employing 250 people or more.
Announced job reductions due to restructuring per 10,000 people employed
