eu employment restructuring report q2 2012
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DESCRIPTION
the employment restructuring report is compiled by Kelly Services. it provides a timely review of economic, labor and hiring conditions in the relevant markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. the report is compiled utilizing publicly available data from official, private and not-for-profit organizations. Published on a quarterly basis, the employment restructuring report is available in separate editions for the united States and european union.TRANSCRIPT
employment restructuringreport
2012
e u r o p e a n u n i o n e d i t i o n
2
contents metHodology notes:
the employment
restructuring report is
compiled using publicly
available data from official,
private and not-for-profit
organisations. this report
covers announced or actual
reductions of at least 100
jobs, or involving sites
employing more than 250
people and affecting at least
10% of the workforce. Job
creations and layoffs are
associated with their date
of announcement, not the
scheduled completion date.
grapHs
disclaimer: This information is provided with the understanding that it is not guaranteed to be correct or complete and conclusions drawn from such information are the sole responsibility of the user. Attempts have been made to ensure that this data or documentation is accurate and reliable; Kelly Services does not assume liability for any damages caused by inaccuracies in this data or documentation. Kelly Services makes no warranty, expressed or implied, as to the accuracy, completeness, or utility of this information, nor does the fact of distribution constitute a warranty.
2 | employment restructuring report | european union edition Q2 2012
summary p/3
01eu labour market trends p/4
02 eu member state labour trends p/6
03 most heavily impacted sectors p/9
04 reasons for announced job losses p/12
05european labour market outlook p/13
06major announced job layoffs in europe p/14
07major announced job creations in europe p/20
about this report p/23
Total reported European job losses and gains resulting from restructuring p/5
Total reported European job losses by country p/7
Total reported European job gains by country p/8
Total reported European job losses by sector p/10
Total reported European job gains by sector p/11
summary
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ The on-again, off-
again Greek debt bailout
plan has continued to drain
economic confidence across
the EU, and is feeding a
worsening employment
outlook, which sees higher
layoffs and weak job creation.
The number of job
layoffs jumped sharply
in the fourth quarter
of 2011 as the
impact of austerity
measures,
slowing
economic
activity and
weak consumer
confidence took its toll
on labour markets.
The most credible forecasts
suggest that economic activity
will decline in the year ahead,
with even the possibility of
a European recession.
The stagnant economy
and the uncertain climate
precipitated by the
prolonged debt stand-off saw
unemployment across the EU
begin to rise after remaining
largely stable from early 2010.
The unemployment rate has
been recently at the highest
level in more than a decade.
This worsening outlook
contrasts with the position in
the US, where job creation
and unemployment are both
improving, and demonstrates
the drag that the eurozone
debt crisis is having across a
broad swath of the economy.
The intense focus on debt is
also magnifying the problem
of divergent economic
fortunes across member states
and in certain demographics.
Unemployment in Spain
reached almost 23%, while
economies such as Austria
and Netherlands have rates
below 5%. Meanwhile, youth
unemployment rates are two
to three times higher than
average unemployment.
The period of slowing growth
will present a significant
challenge to employers, where
nerves are being tested by
the indecision that surrounds
the Greek debt situation,
and its possible spillover to
other debt-laden nations.
After several quarters of
modest improvement in new
hiring and job attrition from
late 2010 to mid 2011, the
cycle appears to have entered
a new phase, where cutbacks
are being implemented and
expansion plans postponed
pending clarity on where
exactly the sovereign debt
crisis finally settles.
tHe intense
focus on debt is
also magnifying
tHe problem of
divergent economic
fortunes across
member states.
3 | employment restructuring report | european union edition Q2 2012
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ The labour market
deteriorated during the
final quarter of 2011 as the
number of layoffs recorded
a marked jump, and job
creation remained weak.
There were a total of 257
cases of business restructuring
in the quarter, of which two-
thirds involved job losses, and
one-third involved job gains.
There were a total of 118,000
job losses as a result of this
01eu labour market trends
4 | employment restructuring report | european union edition Q2 2012
restructuring activity, a jump
of more than 61,000 over
the previous quarter. This
more than wiped out all the
improvement that occurred
during the course of 2011.
Job creations as a result
of restructuring staged a
modest improvement, up
approximately 13,000 in the
quarter to almost 47,000,
but well below levels in the
pre-sovereign debt era.
The jobs data, which is
provided by the European
Monitoring Centre on Change
shows that the final months
of 2011 marked something
of a watershed in the manner
that employers reacted to a
prolonged period
of economic
and political
uncertainty amid the
crisis in the eurozone.
Understandably, new hiring
activity was largely on hold for
most of 2011 while employers
waited for more clear signs of
recovery. However layoffs had
actually been falling, from a
recent peak at the end of 2010,
as employers were “making-
do” with an already reduced
headcount, and trying to avoid
the need for further cuts.
But late in 2011, there was a
spike in layoffs, suggesting
that business patience with the
eurozone debt impasse may
have reached a breaking point.
By December, this
helped push the average
unemployment rate in the
EU17 to 10.7% (10.1% for
the EU27), the highest since 1998. Eurozone GDP fell 0.3%
between the third and fourth
quarter of 2011, throwing into
doubt an extremely fragile
recovery. Growth over 2011
in the EU17 was just 1.4%,
down from 1.9% in 2010
(1.5% and 2.0% respectively
for the EU27). In fact the
recovery that did occur post
the global financial crisis and
pre the debt crisis was one
of the shallowest ever seen.
In Germany, GDP in the
quarter contracted by 0.2%
but still grew by 3% for the
year, while the country boasts
record low unemployment.
The economies of Italy,
Netherlands, Greece, Portugal
and Belgium all contracted
in the quarter, while France
posted a small gain.
total reported european Job losses and gains resulting from restructuring (Q1 2005 to Q4 2011)
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
0
50000
100000
150000
200000
250000 Creation
Loss
2011/Q42011/Q32011/Q22011/Q12010/Q42010/Q32010/Q22010/Q12009/Q42009/Q32009/Q22009/Q12008/Q42008/Q32008/Q22008/Q12007/Q42007/Q32007/Q22007/Q12006/Q42006/Q32006/Q22006/Q12005/Q42005/Q32005/Q2
0
50,000
100,000
150,000
200,000
250,000Creation
Loss
2011
/Q4
2011
/Q3
2011
/Q2
2011
/Q1
2010
/Q4
2010
/Q3
2010
/Q2
2010
/Q1
2009
/Q4
2009
/Q3
2009
/Q2
2009
/Q1
2008
/Q4
2008
/Q3
2008
/Q2
2008
/Q1
2007
/Q4
2007
/Q3
2007
/Q2
2007
/Q1
2006
/Q4
2006
/Q3
2006
/Q2
2006
/Q1
2005
/Q4
2005
/Q3
2005
/Q2
LossCreation
5 | employment restructuring report | european union edition Q2 2012
tHe economies of
italy, netHerlands,
greece, portugal
and belgium all
contracted in tHe
Quarter, wHile
france posted a
small gain.
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ Debt-wracked Greece
soared to top spot for job
layoffs, with a whopping
36,000 positions disappearing
in the final quarter of 2011.
Greece’s ranking reflects
the widespread cutbacks
being inflicted across all
areas of the Greek civil
service, but also the flow-on
impact of this contraction
to the private sector.
Approximately 30,000 of
the losses were in the civil
service, flowing from the
Cabinet decision in October
to slash public service
pay and numbers as part
of the IMF agreement.
There were also significant
job layoffs in Germany,
France, the Czech Republic,
Italy, UK and Sweden.
In Germany, the energy
provider Eon cut 6,000 jobs,
while in Italy, banking group
Unicredit announced the
loss of some 5,000 jobs.
In Sweden, car maker SAAB
Automobile announced
3,600 layoffs as a result
of filing for bankruptcy.
There were some 10,000 job
losses in France, spread across
a range of sectors and firms,
but largely in manufacturing
and financial services.
The largest cases of job
creation were in France,
Germany and the UK. In
France, fast food chain
McDonalds will create 9,000
jobs over three years. Also,
the state owned railway SNCF
will recruit 4,500 jobs, and its
privatized subsidiary, Keolis,
will hire 3,600 new workers.
In Germany, Amazon will
recruit 2,000 workers for its
logistics centres, while in the
UK, car maker Toyota will
recruit 1,500 new workers
in its Derbyshire plant.
02eu member state labour trends
6 | employment restructuring report | european union edition Q2 2012
total reported european Job losses by country (Q1 2011 to Q4 2011)
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
0
5000
10000
15000
20000
25000
30000
35000
40000 Q4 2011
Q3 2011
Q2 2011
Q1 2011
AustriaSpainIrelandSloveniaNetherlandsPortugal Belgium Slovakia HungaryPolandSweden United KingdomItaly Czech RepublicFranceGermany Greece
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000Q4 2011
Q3 2011
Q2 2011
Q1 2011
Aus
tria
Spai
n
Irel
and
Slo
veni
a
Net
herl
and
s
Po
rtug
al
Bel
giu
m
Slo
vaki
a
Hun
gar
y
Po
land
Swed
en
Uni
ted
Kin
gd
om
Ital
y
Cze
ch R
epub
lic
Fran
ce
Ger
man
y
Gre
ece
Q2 2010Q1 2010Q4 2009Q3 2009
Q4 2011Q3 2011Q2 2011Q1 2011
7 | employment restructuring report | european union edition Q2 2012
in sweden, car maker saab automobile announced
3,600 layoffs as a result of filing for bankruptcy.
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
total reported european Job gains by country (Q1 2011 to Q4 2011)
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
in france, fast
food cHain
mcdonalds will
create 9,000 Jobs
over tHree years.
0
5000
10000
15000
20000
25000 Q4 2011
Q3 2011
Q2 2011
Q1 2011
LithuaniaSweden AustriaItaly Slovakia Latvia Portugal IrelandBulgaria Czech RepublicHungaryRomania PolandUnited KingdomGermany France
0
5,000
10,000
15,000
20,000
25,000Q4 2011
Q3 2011
Q2 2011
Q1 2011
Lith
uani
a
Swed
en
Aus
triaItal
y
Slo
vaki
a
Latv
ia
Po
rtug
al
Irel
and
Bul
gar
ia
Cze
ch R
epub
lic
Hun
gar
y
Ro
man
ia
Po
land
Uni
ted
Kin
gd
om
Ger
man
y
Fran
ce
Q4 2011Q3 2011Q2 2011Q1 2011
8 | employment restructuring report | european union edition Q2 2012
03most Heavily impacted sectors
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ Public sector
employment bore the brunt of
the cutbacks in the final three
months of 2011 as austerity
measures demanded as part
of the Greek bailout resulted
in a huge exit of Greek
government employees.
Of the 41,000 public sector
jobs that disappeared,
30,000 were in Greece.
Manufacturing saw more
than 30,000 jobs evaporate,
with the largest losses
9 | employment restructuring report | european union edition Q2 2012
attributed to SAAB, and
the Finnish electronics
manufacturer, Elcoteq.
Banking and financial
services suffered, largely as
a consequence of upheavals
in the investment banking
and insurance sub-sectors.
The insurance company
Aviva will slash 1,500 jobs
in Ireland and the UK.
The transport sector saw 2,000
administrative jobs cut at the
Bulgarian State Railways.
The manufacturing sector
once again enjoyed the
largest share of employment
gains, with an additional
13,524 jobs being added
as a result of business
restructuring decisions.
In addition to the previously
mentioned Toyota expansion
in the UK, there were
announcements by Audi
(1,200 jobs in Germany)
and Peugeot-Citroen
(500 jobs in France).
The transport sector was the
big surprise, with 12,690 jobs
created during the quarter. A
major contribution came from
announcements in the French
SNCF group, including its
privatised arm Keolis, and its
transport and logistics arm,
Geodis. Together, the SNCF
group accounted for more
than 9,000 new positions.
total reported european Job losses by sector (Q4 2011)
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
Source: European Restructuring Monitor (ERM), European
Monitoring Centre on Change
of tHe 41,000 public
sector Jobs tHat
disappeared, 30,000
were in greece.
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
Agriculture/fishingBusiness servicesOther servicesHotels/restaurantsConstructionRetailUtilitiesTransport/communicationFinancial servicesManufacturingPublic administration
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
Ag
ricu
ltur
e/fis
hing
Bus
ines
s se
rvic
es
Oth
er s
ervi
ces
Ho
tels
/res
taur
ants
Co
nstr
ucti
on
Ret
ail
Uti
litie
s
Tran
spo
rt/c
om
mun
icat
ion
Fina
ncia
l ser
vice
s
Man
ufac
turi
ng
Pub
lic a
dm
inis
trat
ion
41,401
31,423
13,89211,119 9,460
4,9552,230 1,870 1,046 826 100
10 | employment restructuring report | european union edition Q2 2012
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
total reported european Job gains by sector (Q4 2011)
tHe transport sector
was tHe big surprise,
witH 12,690 Jobs
created during tHe
Quarter. tHe sncf
group accounted
for more tHan 9,000
new positions.
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
11 | employment restructuring report | european union edition Q2 2012
0
2000
4000
6000
8000
10000
12000
14000
16000
UtilitiesConstructionHealth/social workPublic administrationFinancial servicesMining/quarryingRetailBusiness servicesHotels/restaurantsTransport /communicationManufacturing
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
Uti
litie
s
Co
nstr
ucti
on
Hea
lth/
soci
al w
ork
Pub
lic a
dm
inis
trat
ion
Fina
ncia
l ser
vice
s
Min
ing
/qua
rryi
ng
Ret
ail
Bus
ines
s se
rvic
es
Ho
tels
/res
taur
ants
Tran
spo
rt /
com
mun
icat
ion
Man
ufac
turi
ng
13,52412,690
9,460
4,389
2,5911,650
1,020 641 350 300 250
04reasons for announced Job losses
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ When looking at the
reasons given for the job
layoffs in the final months of
2011, it is worth noting that
the upsurge in retrenchments
was not necessarily due to
increased business stress.
Rather, it seems employers
are making decisions about
employee numbers voluntarily,
and in the normal course
of business planning.
The proportion of layoffs
attributed to “catastrophic”
business events – bankruptcy
and closure – declined during
the quarter from 32% to 20%.
Those layoffs attributed
to internal restructuring
rose from 62% to 76%.
The proportion due to
mergers and acquisitions
remained steady at 2%.
What the figures suggest
is that while trading
conditions are challenging,
there is not yet evidence
of critical business failure
driving the layoffs.
At this point in the cycle,
many employers will be
diminishing their headcount,
clearly recognizing that
economic activity and business
performance is weaker, and
that prudent management
warrants reduced labour costs.
Bankruptcy
Internal restructure
Merger/acquisition
Relocation
Closure
76%
13%
8%2%
1%
total reported european Job losses by type of restructuring Q4 2011
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
12 | employment restructuring report | european union edition Q2 2012
05european labour market outlook
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
➔ It is difficult to see the
circumstances in which the
labour market across the EU
will rebound any time soon.
Notwithstanding some
resolution of the Greek
financial crisis, the possibility
of a default remains live,
and that would of course
deliver another psychological
blow to financial markets
and business confidence.
It is true that the risk of
default has already been
largely factored in, but
if it does occur, it would
represent one more in a
string of unremitting negative
events for the EU bloc.
13 | employment restructuring report | european union edition Q2 2012
So tenuous is the state
of confidence, that some
observers believe that it
would be preferable for a
default to occur, providing
a clean slate from which the
country and the region can
move forward. (This ignores
the impact it may have on
the very future of the EU).
What is equally unsettling
is the real magnitude of
the austerity measures
being imposed and the
contractionary effect these will
have as government budgets
and debt are reined in.
This will hasten the slowdown
in economic activity across
the board, and will impact
many industries that rely
on trade within the EU.
Unfortunately, there is,
as yet, no compelling
reason for businesses
to commence re-hiring,
but still a host of reasons
to consider downsizing.
Some industries, including
automotive manufacturing
and transport are seeing
glimmers of rekindled activity.
However for every firm in
the sector that resumes
hiring, there are others that
are discarding positions.
It’s also clear that the
relative labour market
performance of the EU and
the US is now diverging. After
many months of a shared
trajectory, the world’s two
major economic blocs are
now being driven by very
different internal dynamics.
While the EU seems
gripped by political and
policy paralysis, the long-
awaited recovery in the US
is gaining strength, with
employment growing,
month-by-month. There, the
much- awaited pick up in
manufacturing and stronger
hiring activity are making
inroads into unemployment.
Also, the peculiar economic
circumstances confronting
Europe are amplifying the
stark differences between
national economies. Relatively
stronger economic and
employment conditions
in a handful of markets
(including Austria, France,
Germany, Belgium, Finland)
are in sharp relief to the
chronic, high-unemployment,
low-growth rut of Greece,
Spain, Portugal and Italy.
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
06maJor announced Job layoffs in europeoct to dec 2011
Kosema Austria 104 Business activities December
ÖVAG Austria 250 Financial services November
Bank Austria Austria 250 Financial services November
Don Gil Austria 243 Retail December
Euroclear Belgium 500 Financial services October
KBC Belgium 160 Financial services October
Laboratoires Thissen S.A. Belgium 350 Manufacturing November
Arcelor Mittal Belgium 600 Manufacturing October
FBFC Belgium 180 Manufacturing October
Laminoirs du Ruau Belgium 107 Manufacturing November
Lys Yarns Belgium 110 Manufacturing December
Vitalo Belgium 83 Manufacturing December
Duracell Belgium 296 Manufacturing December
Bulgarian State Railways Bulgaria 2000 Transport / communication November
Raiffeisenbank Czech Republic 300 Financial services November
ŽDB Group Czech Republic 160 Manufacturing November
Arcelor Mittal Ostrava Czech Republic 600 Manufacturing December
Evraz Vítkovice Steel Czech Republic 200 Manufacturing December
Panasonic AVC Networks Czech Czech Republic 231 Manufacturing December
Public Service of the Czech Republic Czech Republic 8000 Public administration October
ČD Cargo Czech Republic 100 Transport / communication November
Správa železniční dopravní cesty (SŽDC) Czech Republic 500 Transport / communication December
Danish Crown Denmark 250 Manufacturing October
Danisco Denmark 110 Manufacturing October
Telia Danmark Denmark 163 Transport / communication November
Lemminkäinen Finland 150 Construction December
Tapiola Finland 143 Financial services October
Hollming Works Finland 100 Manufacturing October
Outokumpu Finland 300 Manufacturing October
M-Real Finland 180 Manufacturing October
Tikkurila Finland 100 Manufacturing November
14 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
06 Moventas Wind Finland 120 Manufacturing November
Laboratoires Fournier France 200 Business activities November
BNP Paribas France 373 Financial services November
Société générale CIB France 880 Financial services November
Crédit foncier de France France 350 Financial services November
Crédit agricole France 850 Financial services December
Ritz Paris France 450 Hotels / restaurants October
Gainair France 110 Manufacturing October
Comareg France 1650 Manufacturing November
M-Real France 330 Manufacturing October
Beauté Recherche & Production - BRP France 158 Manufacturing October
Freescale France 1271 Manufacturing October
Peugeot scooters France 240 Manufacturing November
Les Journaux du Midi France 158 Manufacturing October
Continentale Nutrition France 121 Manufacturing October
Petroplus France 120 Manufacturing October
PSA Peugeot Citroën France 1900 Manufacturing October
DCNS France 150 Manufacturing November
Imprimerie Le Monde France 161 Manufacturing November
Limogeoise de Salaisons (LDS) France 137 Manufacturing November
Anovo France 371 Retail October
Cap Boulanger France 300 Retail November
Veolia Transdev France 180 Transport / communication October
Areva France 200 Utilities December
Qiagen Germany 150 Business activities November
Deutsche Bank Investment Banking Germany 500 Financial services October
Allianz Germany 400 Financial services November
UPM Germany 560 Manufacturing November
Zanders Germany 350 Manufacturing November
Siemens Germany 400 Manufacturing November
Nordex Germany 120 Manufacturing November
Organisation Location Total (approx) Industry Month
Job layoffs
15 | employment restructuring report | european union edition Q2 2012
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
06 Beiersdorf Germany 230 Manufacturing November
Ferrostaal Germany 175 Manufacturing December
Hitachi Power Europe Germany 200 Manufacturing December
Praktiker Germany 1400 Retail November
First Mail Germany 490 Transport / communication November
Steag Germany 200 Utilities October
Eon Germany 6000 Utilities October
Areva Germany 1200 Utilities December
RWE Power Germany 1000 Utilities December
Institute of Geology & Mineral Exploration Greece 156 Business activities December
Aspis Security Greece 108 Business activities October
BNP Paribas Greece Greece 100 Financial services November
Macedonia Palace Greece 120 Hotels / restaurants November
Alapis Greece 1400 Manufacturing October
Eleftherotypia Greece 850 Manufacturing December
Alpha Ceramica Greece 108 Manufacturing December
ETHNOS Greece 120 Manufacturing October
Greek Customs Offices Greece 3000 Public administration October
Greek Civil Service Greece 30000 Public administration October
Media Markt-Saturn Greece 100 Retail October
Erste Bank Hungary Hungary 400 Financial services December
Elcoteq Hungary 1515 Manufacturing October
Sanofi Hungary 140 Manufacturing October
Dunaferr Hungary 300 Manufacturing December
Médiaszolgáltatás-támogató és Vagyonkezelő Alap Hungary 781 Other services October
Magyar Telekom Hungary 250 Transport / communication October
Aviva Ireland 950 Financial services October
Rdb Italy 600 Construction October
Unicredit Italy 5200 Financial services November
Bnl Italy 1000 Financial services November
Servirail Italy 800 Hotels / restaurants December
Job layoffs
16 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
06
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
Ims Italy 132 Manufacturing October
Malaguti Italy 170 Manufacturing October
Pininfarina Italy 127 Manufacturing October
Sea camper Italy 130 Manufacturing December
Whirlpool Italy 950 Manufacturing November
Sanofi Aventis Italy 500 Manufacturing November
Fincantieri Italy 140 Manufacturing December
Mediaset-Endemol Italy 150 Other services December
State Forest Service Latvia 100 Agriculture/fishing October
Snoras Lithuania 496 Financial services December
Swedbank Lithuania 110 Financial services December
Chemolux Luxembourg 40 Manufacturing October
Teha Netherlands 177 Construction December
Dura Vermeer Netherlands 80 Construction October
Goldewijk Netherlands 100 Construction November
Ballast Nedam Infra Netherlands 115 Construction December
Gravo Netherlands 110 Manufacturing October
Solland Solar Netherlands 190 Manufacturing October
Telegraaf Media Groep Netherlands 350 Manufacturing December
NXP Netherlands 300 Manufacturing December
Netwerk VSP Geadresseerd Netherlands 100 Transport / communication November
Gasunie Netherlands 100 Utilities November
REC Norway 680 Manufacturing October
Protektor Poland 144 Manufacturing December
Drumet Poland 90 Manufacturing November
ZUGIL Poland 300 Manufacturing November
Presspublica Poland 120 Manufacturing November
Local Self-Government of Ruda Śląska Poland 120 Public administration November
TP Telekomunikacja Polska Poland 1150 Transport / communication October
Poczta Polska Poland 2300 Transport / communication November
Stołeczne Przedsiębiorstwo Energetyki Cieplnej Poland 350 Utilities December
Job layoffs
17 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
06
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
PGE Dystrybucja Poland 160 Utilities December
Empresa de Manutenção de Equipamento Ferroviário Portugal 203 Manufacturing December
CP - Comboios de Portugal Portugal 725 Transport / communication November
Metropolitano de Lisboa Portugal 364 Transport / communication November
Carris - Transportes Publicos Lisboa Portugal 635 Transport / communication November
Aldis Romania 191 Manufacturing December
Colterm Timisoara Romania 100 Utilities December
Slovglass Slovakia 390 Manufacturing December
Hansol Slovakia 1400 Manufacturing November
Cargo Slovakia (ZSSK Cargo) Slovakia 597 Transport / communication October
Slovenské elektrárne Slovakia 150 Utilities November
Konstruktor Slovenia 250 Construction November
Primorje Slovenia 178 Construction October
Nova Metalna Slovenia 254 Manufacturing October
Alpos Slovenia 280 Manufacturing October
Intereuropa Transport Slovenia 125 Transport / communication November
Adria Airways Slovenia 90 Transport / communication October
Centro de Investigación Príncipe Felipe (CIPF) Spain 108 Business activities October
Muebles Salcedo Spain 132 Manufacturing December
Muebles Salcedo Spain 132 Manufacturing October
Venca Spain 86 Manufacturing October
Navacero Spain 56 Manufacturing November
Castrosúa Spain 80 Manufacturing December
Comansa Spain 55 Manufacturing December
Radio y Televisión de Mallorca (RTVM) Spain 115 Other services October
Town Council of Los Barrios Spain 178 Public administration October
Älvsbyhus Intressenter Sweden 37 Construction October
Swedbank Sweden 300 Financial services December
Skånes Universitetssjukhus Sweden 500 Health / social work December
SAAB Automobile Sweden 3600 Manufacturing December
Aftonblandet Hierta Aktiebolag Sweden 65 Manufacturing October
Job layoffs
18 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
06
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
Outokumpu Stainless Tubular Products Sweden 100 Manufacturing October
Fazer Bageri Sweden 60 Manufacturing October
Outokumpu Stainless Sweden 325 Manufacturing October
Sandvik Materials Technology Sweden 295 Manufacturing October
Swep international Sweden 49 Manufacturing November
Holmen Paper Sweden 80 Manufacturing November
Kumatsu Forest Sweden 60 Manufacturing November
Stora Enso Nymölla Sweden 140 Manufacturing December
Orrefors Kosta Boda Sweden 115 Manufacturing December
Arla Sweden 150 Manufacturing November
LG Electronics Nordic Sweden 45 Retail October
Medstop Väst Sweden 40 Retail November
Linford Group United Kingdom 245 Construction October
S. Robinson & Son United Kingdom 118 Construction October
Black Horse Group United Kingdom 180 Construction December
Aviva United Kingdom 380 Financial services November
Highland Toffee United Kingdom 185 Manufacturing October
AC Yule and Son United Kingdom 211 Manufacturing November
Alcan United Kingdom 515 Manufacturing November
AgustaWestland United Kingdom 375 Manufacturing October
Tata Steel United Kingdom 115 Manufacturing December
Kraft United Kingdom 200 Manufacturing December
Trafford Council United Kingdom 103 Public administration December
H and L Garages United Kingdom 176 Retail December
Barratts Priceless United Kingdom 2280 Retail December
Everything Everywhere United Kingdom 550 Transport / communication November
Thomas Cook United Kingdom 660 Transport / communication December
Yodel United Kingdom 140 Transport / communication November
Job layoffs
19 | employment restructuring report | european union edition Q2 2012
Source: European Monitoring Centre on Change
Organisation Location Total (approx) Industry Month
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
07maJor announced Job creations in europeoct to dec 2011
Bodner Bau Austria 150 Construction December
Resch & Frisch Austria 100 Manufacturing December
Plama Bulgaria 200 Manufacturing October
Reichle & De-Massari AG Bulgaria 180 Manufacturing December
KCM-Plovdiv Bulgaria 1000 Mining / quarrying October
Foxconn Czech Republic 1000 Manufacturing December
Hronovský Czech Republic 200 Manufacturing October
Rehau Czech Republic 120 Manufacturing November
Dixons Retail Czech Republic 150 Retail October
Globus Czech Republic 330 Retail October
Vestas Denmark 200 Manufacturing October
Eesti Energia Estonia 100 Business activities October
Acticall France 100 Business activities November
Avanade France 150 Business activities November
Bull France 500 Business activities November
Niji France 215 Business activities October
Legendre France 150 Construction November
McDonald’s France France 9000 Hotels / restaurants December
Adixen Vacuum Products France 110 Manufacturing October
Airbus France 1200 Manufacturing October
Chereau France 150 Manufacturing November
Cimpa France 250 Manufacturing October
Goodrich France 100 Manufacturing October
Limogeoise de Salaisons (LDS) France 86 Manufacturing November
Michelin France 700 Manufacturing December
PSA Peugeot-Citroën France 500 Manufacturing November
Henri Maire France 200 Retail October
VDI group France 145 Retail October
Geodis France 1000 Transport / communication December
Keolis France 3600 Transport / communication December
SNCF France 4500 Transport / communication December
20 | employment restructuring report | european union edition Q1 2012
Organisation Location Total (approx) Industry Month
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
07 buw Germany 300 Business activities November
Deutsche Annington Germany 1000 Business activities November
Audi Germany 1200 Manufacturing December
Amazon Germany 2000 Transport / communication December
Ellinikos Xrysos Greece 250 Mining / quarrying December
Nokia Siemens Hungary 224 Business activities November
Eissmann Hungary 117 Manufacturing October
Flextronics Hungary 500 Manufacturing October
Főkefe Hungary 240 Manufacturing November
Johnson Electric Hungary Hungary 600 Manufacturing December
Pepperl+Fuchs Hungary 200 Manufacturing November
Prometric Ireland 150 Business activities November
HedgeServ Ireland 300 Financial services October
Dublin Aerospace Ireland 150 Transport / communication November
Amazon Italy 250 Retail October
Ditton Chain Latvia 120 Manufacturing October
Laiko Latvia 100 Manufacturing November
Tukuma mebeles Latvia 200 Manufacturing November
Viciunu restoranu grupe Lithuania 100 Hotels / restaurants December
Public Service of Luxembourg Luxembourg 455 Public administration October
Wärtsilä Netherlands 140 Transport / communication November
Capgemini Polska Poland 500 Business activities December
Ericpol Telecom Poland 250 Business activities November
OIE Support Poland 100 Business activities November
Alior Bank Poland 150 Financial services November
EuroMedic Kliniki Specjalistyczne Poland 150 Health / social work October
Bahlsen Polska Poland 30 Manufacturing October
Elfa Manufacturing Poland Poland 140 Manufacturing November
Isabella Poland 100 Manufacturing December
LG Electronics Poland 800 Manufacturing October
Mando Corporation Poland 350 Manufacturing October
Job creations
21 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
Home
contents
summary
01 eu labour market trends
02 eu member state labour trends
03 most Heavily impacted sectors
04 reasons for announced Job losses
05 european labour market outlook
06 maJor announced Job layoffs in europe
07 maJor announced Job creations in europe
about tHis report
07 Spółdzielcza Mleczarnia Spomlek Poland 130 Manufacturing October
Spółdzielnia Mleczarska MLEKPOL Poland 120 Manufacturing October
Przedsiębiorstwo Górnicze Silesia Poland 400 Mining / quarrying December
Police Department Poland 186 Public administration October
Castorama Poland 126 Retail October
Leroy Merlin Poland 160 Retail October
Makro Cash & Carry Poland 200 Retail November
OBI Poland 120 Retail November
Decathlon Portugal 420 Retail December
Huawei Technologies Romania 500 Business activities November
Medas Romania 100 Health / social work December
Cesiro Sighisoara Romania 150 Manufacturing October
Continental Automotive Romania Romania 300 Manufacturing October
Johnson Controls Romania Romania 185 Manufacturing October
Macromex Romania 125 Manufacturing November
Prolemn Romania 500 Manufacturing October
Carrefour Romania Romania 350 Retail October
Kaufland Romania Romania 140 Retail November
LVD S3 Slovakia 250 Manufacturing October
Krka Slovenia 451 Manufacturing October
Green Cargo Logistics Sweden 100 Transport / communication October
BT United Kingdom 300 Business activities November
Axa United Kingdom 450 Financial services October
Yorkshire Building Society United Kingdom 120 Financial services November
Avenue Care Activities United Kingdom 100 Health / social work November
Cairn Hotel Group United Kingdom 260 Hotels / restaurants November
Hotel La Tour United Kingdom 100 Hotels / restaurants October
Kraft United Kingdom 20 Manufacturing December
Toyota United Kingdom 1500 Manufacturing November
Amazon United Kingdom 1100 Transport / communication October
Jet2 United Kingdom 100 Transport / communication December
Swalec Smart Energy United Kingdom 250 Utilities December
Job creations
22 | employment restructuring report | european union edition Q2 2012
Organisation Location Total (approx) Industry Month
Source: European Monitoring Centre on Change
About this RepoRt
the employment Restructuring Report is compiled by Kelly services. it provides a timely review of economic, labour and hiring conditions in the relevant
markets, with a detailed focus on the most recent data regarding mass layoffs and restructuring. the Report is compiled utilising publicly available data from
official, private and not-for-profit organisations. published on a quarterly basis, the employment Restructuring Report is available in separate editions for the
united states and european union.
CountRies CoveRed by this RepoRt
this edition of the employment Restructuring Report covers the 27 countries of the european union, and norway. those countries are:
About Kelly seRviCes®
Kelly services, inc. (nAsdAQ: KelyA, Kelyb) is a leader in providing workforce solutions. Kelly® offers a comprehensive array
of outsourcing and consulting services as well as world-class staffing on a temporary, temporary-to-hire and direct-hire basis.
serving clients around the globe, Kelly provides employment to more than 550,000 employees annually. Revenue in 2011 was $5.6 billion.
visit www.kellyservices.com and connect with us on Facebook, linkedin, & twitter.
to ReCeive this RepoRt
this report is available to registered subscribers at www.kellyocg.com
Austria
belgium
bulgaria
Cyprus
Czech Republic
denmark
estonia
Finland
France
Germany
Greece
hungary
ireland
italy
latvia
lithuania
luxembourg
Malta
netherlands
norway
poland
portugal
Romania
slovakia
slovenia
spain
sweden
united Kingdom
About the AuthoR
todd WheAtlAnd, vp thought leadership
With 15 years experience in the human resources and workforce consulting space, todd has overall responsibility for
thought leadership at Kelly services. he has degrees in Commerce (economics / Marketing) from uWA and Communication
from Curtin university. linkedin: www.linkedin.com/in/wheatland twitter: www.twitter.com/toddwheatland
A Kelly seRviCes RepoRt
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