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/Few industries have experienced such fundamental changes as the postal
services since the 1990s. This case study examines the downsizing strategy of
the Swedish Postal Services, Posten AB, which is an example of a long-term
and ongoing restructuring process. It focuses on the development of the
Futurum Programme in 2000, a separate outplacement service of Posten, which
aims to facilitate a faster and smoother restructuring process. There are
clear benefits to each participating employee and hence the negative effects
associated with long dismissal notices are minimised./
The EU economy continued to grow over the last quarter with more positive data in particular from core economies.Problems of sovereign debt management however persist in several eurozone Member States and negative economic news from other developed economies has tended to more than mitigate any positive momentum arising from the dynamism of the emerging market economies. Unemployment in the USA has begun to rise again while labour market participation rates are at their lowest level in 25 years. The Japanese economy once again entered a period of contraction following the March 2011 earthquake. The second issue for 2011 includes: summary; current macroeconomic; trends and prospects; overview of ERM cases April-June 2011; restructuring in the public sector; restructuring research notes; note on methodology.
Nearly two years after the technical end of the ‘Great Recession’, there are increasingly divergent patterns of recovery across the EU. Member States in the German – central Europe – Baltic axis are enjoying strong growth and improving labour markets while the debt-laden ‘periphery’ stagnates amidst serial announcements of retrenchment.The first issue for 2011 includes: current macroeconomic trends and prospects; an overview of ERM cases for January-March 2011; Job creation and business expansion in the IT sector; Restructuring in the FIAT plant in Termini Imerese; and restructuring research notes.
The pace of recovery following the 2008–9 economic crisis has picked up somewhat throughout 2010 with the EU forecast to register 1.7% growth in 2010. Uncertainty however persists on a number of fronts. Fears of a double dip recession in the US economy have been reinforced by recent weak employment and growth data. The third issue for 2010 includes: current macroeconomic trends and prospects; an overview of ERM cases for July-Sept 2010; sector in focus: job creation in retail; sector in focus: public sector restructuring in Romania; and restructuring research notes.
Sovereign debt issues dominated the agenda in the final quarter of 2010 as a second EU Member State, Ireland, required EU-IMF intervention in November to stave off default. Given similar concerns in other Member States, a focus on the health of the euro and on individual government deficits and access to market funding will continue throughout 2011. The fourth issue for 2010 includes: current macroeconomic trends and prospects; an overview of ERM cases for October-December 2010; sector in focus: Postal sector liberalisation; and restructuring research notes.
This case study focuses on the measures used by ArcelorMittal to cut costs and avoid involuntary redundancies during the crisis in its largest Romanian subsidiary. The study aims to assess the effectiveness of the various measures applied to keep staff in employment and to ensure the company’s viability. Specific emphasis is given to temporary layoffs and compulsory annual leave schemes to all staff in Romania. The study also discusses the role of government in supporting flexible measures and, furthermore, the role of unions and the European Works Council (EWC) in the design and implementation of the measures.
Europe continues to show signs of a tentative recovery with marginally positive growth and other economic indicators stabilising. There are however persistent concerns over levels of public debt and, to a lesser extent, over the stability of the euro. The second issue for 2010 includes: current macroeconomic trends and prospects; an overview of ERM cases for April-June 2010; 1st sector in focus: signs of recovery in car manufacturing; 2nd sector in focus: developments in the media and broadcasting sector; and restructuring research notes.
Eurofound’s European Restructuring Monitor (ERM) recorded 3073 restructuring cases in the 27 EU Member States from October 2008 to March 2010, a 53% rise on the previous 18-month period – indicating that many more companies launched restructuring programmes as they were affected by the recession and suggesting that media attention on restructuring also increased during the economic turbulence.
Though no longer in recession, the EU economy remains fragile, with growth well below trend rates. Unemployment continues to rise, though at a slowing pace (it stood at 9.6% in the EU27 in February 2010). The first issue for 2010 includes: current macroeconomic trends and prospects; an overview of ERM statistics for January-March 2010; sector in focus: european airlines; restructuring at GM Opel; and restructuring research notes.
The EU emerged from recession in the third quarter of 2009 but growth remains anaemic ( 0.3%, EU27) and well below trend rates. Unemployment notably continues to rise and its pace of increase has accelerated in the most recent quarter to reach the highest levels in over a decade (9.5%, EU27). The fourth issue for 2009 includes: current macroeconomic trends and prospects; an overview of ERM statistics for October-December 2009; employment and restructuring outlook for 2010; collective redundancy data: Lithuania; restructuring in Malta; restructuring research notes.