Communiqué, issue 5, 2004
Articles
- Quality of life in an enlarged Europe: challenges and opportunities
- Parental leave in the European Union
- Fewer redundancies, more jobs created
- Comparing quality of life in Estonia with the rest of Europe
- Industrial relations in Europe – a snapshot
- EWCs lead to better industrial relations at company level
- Highest home-ownership levels in the new Member States
- New chairman of Foundation’s Administrative Board
Previous issues of Communiqué
The European Restructuring Monitor recorded a slight drop in job redundancies and more job creation in Europe during the third quarter of 2004.
A total of 56,170 job losses were announced as a result of 158 company restructuring cases during the summer months, from 1 July to 30 September, according to the quarterly report from the Foundation’s European Restructuring Monitor (ERM). During the same period, 8,130 new jobs were created. While this number represents significantly less jobs created than during the last quarter, it confirms the trend of an increased number of job creations in the new Member States.
Significant effects of restructuring
The Irish economy had the highest number of redundancies during the past quarter with 16.4 job losses per 10,000 people, following the announcement of a three-year plan involving 1,325 job cuts at Aer Lingus, the state airline. After Ireland, the United Kingdom and Slovakia were worst hit with redundancies. In the same period, no job losses were reported in the Czech Republic, Greece and Luxembourg.
Monitoring industrial restructuring in the media
The European Restructuring Monitor records industrial restructuring cases as reported in the press. All announcements involving the reduction or creation of at least 100 jobs or affecting 10% of the workforce in sites employing 250 people or more are taken into account. Cases are identified through a review of daily papers and the financial press in the Member States.
More information on www.eurofound.europa.eu/emcc/erm/