eu employment restructuring report q3 2011

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EMPLOYMENT RESTRUCTURING REPORT 2011 3 EUROPEAN UNION EDITION

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Page 1: EU Employment Restructuring Report Q3 2011

employment restructuringreport

2011 3e u r o p e a n u n i o n e d i t i o n

Page 2: EU Employment Restructuring Report Q3 2011

contents 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/15

07major announced job creations in europe p/21

about this report p/25

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.

grapHsTotal 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

OECD composite leading indicator p/14

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 Q3 2011

Page 3: EU Employment Restructuring Report Q3 2011

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 second quarter

of 2011 saw a reversal in

employment markets and

in the economic outlook

generally, as banking and

financial troubles intersect

with government spending

cutbacks to produce a somber

and volatile mood across

the euro zone.

The deterioration in sentiment

across Europe during the

quarter sharply punctuated the

emerging signs of recovery

that were evident in the early

part of 2011.

The reversal in economic

fortunes has seen labour

markets weaken, although the

unemployment rate, which

lags the economic reality,

remained stable in the

EU27 at 9.5% between

June and July (10%, also

unchanged, for the broader

euro-zone). The number of

people out of work in the

EU27 rose by 18,000 to 22.711

million from June to July

(61,000 and 15.757 million for

the euro area).

The broad unemployment

picture also hides a more

divergent multi-speed

economy, with improved

jobless rates in Austria,

further weakness in Spain and

Greece, to a lesser extent the

Netherlands, Luxembourg

and France, and a more stable

position in Germany.

But the cuts to public sector

jobs, the fiscal tightening

across the region, and

nervousness about sovereign

debt all point to a likely

deterioration in employment

in the months ahead.

More broadly, economic

conditions stalled in the

second quarter of 2011, with

GDP in the major economies

of France, Germany and the

United Kingdom, all flattening,

after promising starts to the

year. This weak domestic

activity will translate into

subdued demand for goods

and services, while uncertainty

about jobs will see consumers

curtail spending.

With economic momentum

flagging, the labour market

is likely to face continued

weakness. Few businesses

will be looking at new hirings

and some that have strived

to retain headcount will

probably find this the last

straw. But the same trends

that are causing disparate

economic performance across

member countries are also

likely to produce differing jobs

outcomes. The public sector

will remain weak in all regions

yet, labour shortages in some

critical areas will persist.

The fragility of the EU’s

economic position is

underscored by the

uncertainty that characterizes

efforts to resolve the sovereign

debt crisis. Much rides on

the ability of political leaders

and regulators to avoid this

morphing into a banking and

financial crisis.

Rarely has the degree of

uncertainty been so great. A

successful resolution of the

crisis may avoid recession and

prompt a weak recovery in late

2011, but failure could prompt

serious questions about the

future of the economic and

monetary union.

but tHe cuts to

public sector

Jobs… and

nervousness about

sovereign debt all

point to a likely

deterioration in

employment in tHe

montHs aHead.

3 | employment restructuring report | european union edition Q3 2011

Page 4: EU Employment Restructuring Report Q3 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

➔ There was a reduction

in both the number of jobs

lost and gained as a result of

restructuring activity in the

second quarter of 2011.

Data collected by the

European Monitoring Centre

on Change show that total job

losses between April and June

2011 totaled approximately

93,000, down slightly from the

previous quarter, but well up

from 51,000 one year earlier.

Meanwhile job creations in the

quarter totaled approximately

46,600 - well down on 72,000

in the previous quarter but still

well above the 24,500 figure

a year earlier. The trend in job

creations in the latest period

reverses the generally positive

momentum that has been

evident since the end of 2009.

It seems clear that the rate of

layoffs has largely steadied at

around 100,000 per quarter in

the period following the 2009

economic downturn. The

concern will be over whether

this level will now accelerate in

the face of the recent volatility.

The picture is somewhat

confounded by the growing

disparity between the more

buoyant and fiscally-prudent

core group of EU countries,

and the peripheral members

whose economies are weak

and now facing further

cutbacks. The aggregate

unemployment rate has

stabilized at just under

10 percent across

the EU, but there

remain wide variation across

member states – from near-full

employment in Netherlands

and Austria, and over

20 percent unemployment

in Spain.

Individual countries are

now embarking on their

own approaches to addressing

the economic challenge.

Sharp cutbacks in public

sector spending in countries

such as Greece, Ireland,

the UK, Spain and Portugal

are likely to fuel layoffs in

coming months, while the

resilience of countries such as

Germany and France will be

tested by the weakness

of their neighbours.

01eu labour market trends

4 | employment restructuring report | european union edition Q3 2011

Page 5: EU Employment Restructuring Report Q3 2011

total reported european Job losses and gains resulting from restructuring (Q1 2005 to Q2 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

sHarp cutbacks

in public sector

spending in

countries sucH as

greece, ireland,

tHe uk, spain and

portugal are likely

to fuel layoffs in

coming montHs.

0

50000

100000

150000

200000

250000 Creation

Loss

2011/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

250,000

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 Q3 2011

Page 6: EU Employment Restructuring Report Q3 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

➔ The largest number

of job losses in the second

quarter quarter of 2011

occurred in the Netherlands

(22,890), followed by Italy

(14,199), United Kingdom

(12,931) and Spain (8,387).

The Netherlands topped

the list of job losses, fuelled

by some 12,000 cuts to the

Dutch Defence Ministry as

part of the government’s

austerity measures.

There were similar cuts to

the UK armed forces, where

approximately 11,000 jobs will

be lost through redundancies

and natural wastage. This

represents the first installment

of what the Ministry says will

be some 43,000 job cuts

to be achieved by 2015.

Approximately 25,000 of these

will be in the civilian Ministry

of Defence staff.

Also in the Netherlands,

telecommunications company,

KPN announced cuts of

between 4,000 and 5,000

positions, with a significant

proportion to be outsourced

to India.

In Italy, banking group, Intesa

San Paolo announced its

intention to implement 10,000

job cuts by the end of 2013.

In the UK, home care provider,

Southern Cross has announced

3,000 job cuts as it strives

to implement a financial

rescue package.

During the second quarter,

France had the largest number

of job gains with 13,366 new

positions. The largest single

case involves national rail

company, SNCF, which will

hire 8,000 new employees

by the end of 2011.

Poland saw more than

7,000 new jobs announced,

with 4,000 of those associated

with retailer, Jeronimo Martins,

which already employs

ome 30,000 people across

the country.

Germany is set to gain some

7,000 new jobs, led by

about 1,200 new positions

at car maker, Audi, and

approximately 1,000 at BMW.

02eu member state labour trends

6 | employment restructuring report | european union edition Q3 2011

Page 7: EU Employment Restructuring Report Q3 2011

total reported european Job losses by country (Q3 2010 to Q2 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

netHerlands,

telecommunications

company, kpn

announced cuts

of between 4,000

and 5,000 positions,

witH a significant

proportion to be

outsourced to india.

0

10000

20000

30000

40000

50000

60000

70000 Q2 2011

Q1 2011

Q4 2010

Q3 2010

DenmarkHungarySweden Slovakia SloveniaFranceIrelandPolandFinlandGermany Romania SpainUnited KingdomItaly Netherlands

0

10,000

20,000

30,000

40,000

50,000

60,000

70,000Q2 2011

Q1 2011

Q4 2010

Q3 2010

Den

mar

k

Hun

gar

y

Swed

en

Slo

vaki

a

Slo

veni

a

Fran

ce

Irel

and

Po

land

Finl

and

Ger

man

y

Ro

man

ia

Spai

n

Uni

ted

Kin

gd

om

Ital

y

Net

herl

and

s

Q2 2010Q1 2010Q4 2009Q3 2009

Q2 2011Q1 2011Q4 2010Q3 2010

7 | employment restructuring report | european union edition Q3 2011

Page 8: EU Employment Restructuring Report Q3 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

total reported european Job gains by country (Q3 2010 to Q2 2011)

Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change

france Had tHe

largest number

of Job gains

witH 13,366 new

positions. tHe

largest single case

involves national

rail company, sncf.

0

5000

10000

15000

20000

25000 Q2 2011

Q1 2011

Q4 2010

Q3 2010

Belgium HungaryItaly Portugal LithuaniaIrelandAustriaSpainSweden Romania SloveniaUnited KingdomCzech RepublicSlovakia Germany PolandFrance

0

5,000

10,000

15,000

20,000

25,000Q2 2011

Q1 2011

Q4 2010

Q3 2010

Bel

giu

m

Hun

gar

y

Ital

y

Po

rtug

al

Lith

uani

a

Irel

and

Aus

tria

Spai

n

Swed

en

Ro

man

ia

Slo

veni

a

Uni

ted

Kin

gd

om

Cze

ch R

epub

lic

Slo

vaki

a

Ger

man

y

Po

land

Fran

ce

Q2 2011Q1 2011Q4 2010Q3 2010

8 | employment restructuring report | european union edition Q3 2011

Page 9: EU Employment Restructuring Report Q3 2011

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

➔ The mounting pressure

to curtail government

spending has seen public

administration bear the brunt

of job losses across the EU.

There were almost 30,000

public sector layoffs during

the second quarter of 2011,

repeating a trend that

emerged early in 2011, and

outstripping the manufacturing

sector as the chief source of

job-shedding.

In the first six months of 2011,

more than 60,000 public

sector positions have been

wiped out.

In addition to the reported

losses in the Dutch and

UK defence forces, there

continues to be an erosion

of positions in a range of

government enterprises and

local councils. Rotterdam

City Council announced

2,000 job cuts, while the

Catalan Government will

lose 1,000 positions.

The second largest German

public health insurer, DAK will

abolish 800 positions.

After public administration,

financial services and

manufacturing each lost

approximately 20,000 jobs

in the quarter.

Financial services job losses

occurred at Italian bank,

Intesa San Paolo, at a number

of Spanish banks including

Caja Sol, and at Allied Irish

Bank, which announced

2,000 redundancies.

In the manufacturing sector,

Nokia announced 2,900 job

losses in Finland and

700 in the UK, as part of a

planned 7,000 staff

reduction worldwide.

Also in the sector, Pfizer will

close its manufacturing plant

in Sandwich in the UK with

the loss of 2,400 jobs.

The manufacturing sector

saw the largest share of

job increases, with almost

19,000 new positions created.

Almost 10,000 of these

were concentrated in auto

manufacturing.

The resurgence in auto

manufacturing reverses some

of the cuts that were delivered

during the economic

recession. Aside from the

previously mentioned job

creations at Audi and BMW,

there were new jobs at PSA

Peugeot Citroen, Ford, and

French parts maker, Faureccia.

In transport and

communications, the main

source of new jobs was in

French rail company, SNCF,

while smaller contributions

came from US clothing firm,

TJX Europe, with a new

distribution centre, and from

new positions at the cargo

facility at Brussels Airport.

9 | employment restructuring report | european union edition Q3 2011

Page 10: EU Employment Restructuring Report Q3 2011

total reported european Job losses by sector (Q2 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

after public

administration,

financial services

and manufacturing

eacH lost

approximately 20,000

Jobs in tHe Quarter.

0

5000

10000

15000

20000

25000

30000

35000

Mining/quarryingAgriculture/fishingEducation Other services Construction Utilities RetailBusiness services Health/social workTransport /communicationFinancial servicesManufacturingPublic administration

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

Min

ing

/qua

rryi

ng

Ag

ricu

ltur

e/fis

hing

Ed

ucat

ion

Oth

er s

ervi

ces

Co

nstr

ucti

on

Uti

litie

s

Ret

ail

Bus

ines

s se

rvic

es

Hea

lth/

soci

al w

ork

Tran

spo

rt /

com

mun

icat

ion

Fina

ncia

l ser

vice

s

Man

ufac

turi

ng

Pub

lic a

dm

inis

trat

ion

29,536

19,237 18,987

7,3885,024 5,009

3,060 1,788 1,720 950 300 104 100

10 | employment restructuring report | european union edition Q3 2011

Page 11: EU Employment Restructuring Report Q3 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

total reported european Job gains by sector (Q2 2011)

tHe resurgence in

auto manufacturing

reverses some of

tHe cuts tHat were

delivered during tHe

economic recession.

0

5000

10000

15000

20000

Hotels/restaurants Mining/quarryingConstruction Health/social workPublic administration Financial servicesRetailBusiness services Transport /communicationManufacturing

0

5000

10000

15000

20000

Ho

tels

/res

taur

ants

Min

ing

/qua

rryi

ng

Co

nstr

ucti

on

Hea

lth/

soci

al w

ork

Pub

lic a

dm

inis

trat

ion

Fina

ncia

l ser

vice

s

Ret

ail

Bus

ines

s se

rvic

es

Tran

spo

rt /

com

mun

icat

ion

Man

ufac

turi

ng

18,861

9,2007,843 7,412

1,100 750 500 400 382 200

Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change

11 | employment restructuring report | european union edition Q3 2011

Page 12: EU Employment Restructuring Report Q3 2011

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

➔ There were a total of

145 cases of restructuring

involving job losses in the

June quarter of 2011, down

from almost 200 in the

previous quarter.

The overwhelming reason

cited by businesses for

these cases was “internal

restructuring”, which

accounted for 82 percent of

all cases, down slightly from

89 percent in the previous

quarter, but up from 71

percent a year earlier.

The category of “forced”

shutdowns, which includes

“closure” and “bankruptcy”

accounted for 9 percent of job

losses in the June quarter. This

was virtually unchanged from

the previous quarter but well

below the 20 percent figure of

one year ago.

This shows that the state of

health of the business sector

remains relatively buoyant, but

the question is whether this

will be adversely impacted by

the turbulence that has hit the

EU in more recent times.

Closure

Internal restructure

Outsourcing

Bankruptcy

Other

82%

6%

5%4% 3%

total reported european Job losses by type of restructuring Q2 2011

Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change

12 | employment restructuring report | european union edition Q3 2011

Page 13: EU Employment Restructuring Report Q3 2011

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

➔ Europe looks set for

a period of contraction in

demand and output that will

put a lid on economic activity

for the remainder of 2011.

The labour market will suffer

as this weakness in activity

flows through into lower

employment growth, layoffs

and reduced hiring. Firms that

have endured a sustained

period of soft activity in the

wake of the 2009 downturn will

face tough choices in regard to

downsizing their workforces.

The difficulty facing

manufacturing was highlighted

by the purchasing managers’

index (PMI) which has fallen

beneath the expansion

threshold for the first time

since September 2009.

The manufacturing sector is

facing a challenging time,

but the forward indicators of

the services sector show it

remains positive.

Overall, the picture is

unsettling. The turmoil in

financial markets, the slowing

global economy, and the

unresolved sovereign debt

crisis are all weighing heavily

on business and consumer

sentiment. The political

difficulty in dealing with

Europe’s financial problems is

further sapping confidence.

The situation around the

Greek bail-out, in particular,

is exposing political and

economic tensions of a kind

not previously seen.

The moves to impose severe

fiscal cutbacks in member

countries will, at least in

the short term, weaken

consumer spending and

lead to job losses, particularly

in the public sector. Until

national budgets are in better

shape, and the sovereign

debt issue is contained, there

is little on the horizon that

will prompt resurgence in

economic activity.

The weak US economy is now

also a significant factor in the

bigger economic picture.

It’s really only China, among

the major economies, that

is holding up, but that is of

limited benefit to Europe

where the majority of trade is

within the region.

According to the OECD,

the outlook for the EU in

the months ahead is weak,

according to its Composite

Leading Indicator (CLI).

The index is designed to

anticipate turning points in

economic activity. It identifies

a period of “slowdown” in

the Euro area, including in

the economies of France,

Germany, UK and Italy. The

CLI also points to a “possible

peak” in activity in the United

States, as well as in the OECD

area as a whole.

13 | employment restructuring report | european union edition Q3 2011

Page 14: EU Employment Restructuring Report Q3 2011

oecd composite leading indicator (august 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

ShADED AREAS REPRESENT GROWTh CyCLE DOWNSWINGS

Source: OECD Composite Leading Indicators August 2011.

it’s really only cHina,

among tHe maJor

economies, tHat is

Holding up, but tHat

is of limited benefit

to europe wHere tHe

maJority of trade is

witHin tHe region.

85

90

95

100

105

110

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

14 | employment restructuring report | european union edition Q3 2011

Page 15: EU Employment Restructuring Report Q3 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

06maJor announced Job layoffs in europeapril to June 2011

Organisation Location Total (approx) Industry Month

Austria Tabak Austria 320 Manufacturing May

Bwin.Party Austria 400 Other services May

GasserKunert Austria 65 Manufacturing June

AB Inbev Belgium 167 Manufacturing June

Kraft Foods Belgium 99 Manufacturing June

SAPA Belgium 170 Manufacturing June

Arkos Bulgaria 300 Manufacturing April

BNT (Bulgarian National TV) Bulgaria 450 Other services April

KEO Cyprus 150 Manufacturing April

ETA Czech Republic 50 Manufacturing April

Jitona Czech Republic 124 Manufacturing May

Tesco ČR Czech Republic 290 Retail April

Nokia Denmark Denmark 950 Business services April

SKAT Denmark 120 Public administration

Blue1 Finland 85 Transport / communication June

Digia Finland 181 Business services May

Fazer Leipomot Finland 111 Manufacturing June

Nokia Finland 2900 Manufacturing April

Scanfil EMS Finland 132 Manufacturing April

Tampereen Infratuotanto Finland 200 Construction April

YIT Teollisuus Finland 350 Business services June

3 Suisses International France 249 Retail April

Aréas Assurances France 128 Financial services June

BNP Paribas Lease Group France 120 Financial services May

DMH-Negma France 130 Manufacturing April

Gefco France 232 Transport / communication May

Groupe SES - Sécurité et Signalisation France 139 Manufacturing June

Imprimerie Didier Mary France 114 Manufacturing May

Les Coopérateurs de Normandie-Picardie France 130 Retail April

15 | employment restructuring report | european union edition Q3 2011

Page 16: EU Employment Restructuring Report Q3 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

06 Manzoni Bouchot Fonderie Technologies France 199 Manufacturing June

Ontex France 187 Manufacturing June

Sodial France 200 Manufacturing May

Takeda France France 195 Manufacturing April

Total France 100 Mining / quarrying April

BASF Germany 350 Manufacturing June

Bauknecht Germany 190 Manufacturing May

City BKK Germany 400 Public administration May

City of Hamburg Germany 250 Public administration May

DAK Germany 800 Public administration April

Dynamit Nobel Germany 73 Manufacturing May

Kaufhof Germany 228 Retail June

Koenig&Bauer Germany 700 Manufacturing May

Schlott Germany 280 Manufacturing April

Talanx Germany 200 Financial services May

WestLB Germany 1800 Financial services June

Debreceni Hús Hungary 395 Manufacturing April

FÉG Hungary 170 Manufacturing May

Médiaszolgáltatás-támogató és Vagyonkezelő Alap Hungary 550 Transport / communication May

Allied Irish Bank (AIB) Ireland 2000 Financial services April

Mayo County Council Ireland 152 Public administration April

Stryker Ireland 142 Manufacturing May

Vodafone Ireland 139 Business services May

Barclays Italy 117 Financial services April

Berloni Italy 166 Manufacturing May

Bessel Italy 204 Manufacturing May

Bialetti Italy 150 Manufacturing May

Compuprint Italy 250 Manufacturing April

Global Garden Products Italy 230 Manufacturing May

Organisation Location Total (approx) Industry Month

Job layoffs

16 | employment restructuring report | european union edition Q3 2011

Page 17: EU Employment Restructuring Report Q3 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

06 In&Out Italy 1464 Business services April

Intesa Sanpaolo Italy 10000 Financial services June

Medcenter Container Terminal (Mct) Italy 467 Transport / communication June

Ubi Banca Italy 1000 Financial services May

Warner Chilcott Italy 151 Manufacturing May

ArcelorMittal Luxembourg 262 Manufacturing June

Air Malta Malta 569 Transport / communication June

GO (Malta) Malta 100 Transport / communication June

HTM Netherlands 450 Transport / communication May

KPN Netherlands 4000 Transport / communication April

Meneba Netherlands 160 Manufacturing May

Ministry of defence Netherlands 12000 Public administration April

Ministry of Economic Affairs, Agriculture & Innovation

Netherlands 3000 Public administration May

MSD-Organon Netherlands 500 Business services May

NDC Mediagroep Netherlands 100 Manufacturing June

Rotterdam Netherlands 2000 Public administration June

T-Mobile Netherlands 150 Transport / communication June

USG People Netherlands 360 Business services June

VION Food Netherlands 170 Manufacturing May

Black Red White Poland 200 Manufacturing April

Bomi Poland 700 Retail April

Częstochowa Local Goverment Poland 187 Public administration May

Ministry of Foreign Affairs Poland 300 Public administration April

Przewozy Regionalne Katowice Poland 325 Transport / communication April

PZU Poland 1199 Financial services May

Spółdzielnia Meblarska Kaszub Poland 107 Manufacturing June

Technical University of Radom Poland 100 Education June

Zakłady Chemiczne Police Poland 200 Manufacturing May

Organisation Location Total (approx) Industry Month

Job layoffs

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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

BPI Portugal 200 Financial services April

Estaleiros Navais de Viana do Castelo Portugal 380 Manufacturing June

Manhentex Portugal 100 Manufacturing June

Agentia Nationala de Administrare Fiscala Romania 2787 Public administration June

Autoritatea Nationala a Vamilor Romania 1427 Public administration June

Complexul Energetic Craiova Romania 250 Utilities June

Complexul Energetic Turceni Romania 200 Utilities June

Electrica Serv Romania 600 Utilities June

Electrocentrale Deva Romania 100 Utilities June

Garda Financiara Romania 713 Public administration June

Nokia Romania Romania 120 Business services April

Termoelectrica Romania 300 Utilities June

Colné riaditeľstvo Slovakia 1000 Public administration April

I.C.A. Slovakia 100 Manufacturing April

Samsung Electronics Slovakia 181 Manufacturing May

Slovenské Lodenice Komárno Slovakia 150 Manufacturing May

Carrera Optyl Slovenia 150 Manufacturing May

Lesna Litija Slovenia 103 Manufacturing June

Revoz Slovenia 520 Manufacturing May

SCT d.d. Slovenia 760 Construction June

SCT E-BA Slovenia 427 Construction June

Vemont Slovenia 128 Construction May

ABB Spain 99 Manufacturing May

Alestis Spain 195 Manufacturing April

Alstom Spain 390 Transport / communication June

Banca Cívica Spain 1000 Financial services May

Bimbo Spain 600 Manufacturing April

Carcesa Spain 94 Manufacturing June

Catalan Government (Generalitat) Spain 1000 Public administration April

Organisation Location Total (approx) Industry Month

Job layoffs

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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

Clesa Spain 360 Manufacturing June

Continental Industrias del Caucho Spain 168 Manufacturing May

Darty Spain 117 Retail May

Dhul Spain 54 Manufacturing April

Hibramer Spain 104 Agriculture/fishing May

Hospital Plató Spain 50 Health / social work May

La Azulejera Tau Spain 57 Manufacturing June

La Caja del Mediterráneo (CAM) Spain 973 Financial services June

La Naval Spain 150 Manufacturing May

LM Wind Power Spain 338 Utilities June

Locsa Spain 120 Manufacturing June

Nova Caixa Galicia Spain 250 Financial services April

Novare Spain 135 Business services April

Parc Salut Mar Spain 194 Health / social work June

PC City Spain 1224 Retail April

Puertas Norma Spain 286 Manufacturing June

Sharp Spain 87 Manufacturing June

Veo 7 Spain 100 Other services May

Vidal Europa Spain 122 Retail June

Warner Chilcott Spain 120 Manufacturing May

Dellner Couplers Sweden 72 Manufacturing April

DSBFirst Sverige AB Sweden 70 Transport / communication April

IAC Sweden 200 Manufacturing April

Lear Corporation Sweden Sweden 163 Manufacturing May

Plastal Sverige Sweden 50 Manufacturing May

Quintiles Sweden 110 Business services May

ST Ericsson Sweden 130 Manufacturing June

St Jude Medical AB Sweden 500 Manufacturing May

AEI Cables United Kingdom 126 Manufacturing May

Organisation Location Total (approx) Industry Month

Job layoffs

19 | employment restructuring report | european union edition Q3 2011

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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

Derriford Hospital United Kingdom 281 Health / social work June

Doncaster Council United Kingdom 700 Public administration June

Gloucestershire Hospitals NHS Foundation Trust United Kingdom 250 Health / social work June

Hoya Lens United Kingdom 160 Manufacturing April

John Smedley United Kingdom 60 Manufacturing June

Lloyds United Kingdom 700 Business services June

Ministry of Defence United Kingdom 2700 Public administration April

Nokia United Kingdom 700 Manufacturing April

Pfizer United Kingdom 2400 Manufacturing May

Queen Alexandra Hospital United Kingdom 799 Health / social work April

R&D Construction United Kingdom 205 Construction April

RF Brookes United Kingdom 200 Manufacturing June

Royal Free Hospital United Kingdom 450 Health / social work April

Southern Cross United Kingdom 3000 Health / social work June

University of Salford United Kingdom 200 Education April

Organisation Location Total (approx) Industry Month

Job layoffs

Source: European Monitoring Centre on Change

20 | employment restructuring report | european union edition Q3 2011

Page 21: EU Employment Restructuring Report Q3 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

07maJor announced Job creations in europeapril to June 2011

Organisation Location Total (approx) Industry Month

BMW Austria 150 Manufacturing May

FACC Austria 180 Manufacturing April

Infineon Technologies Austria 400 Business services May

Brussels Airport Belgium 300 Transport / communication May

Guala Closures Bulgaria Bulgaria 300 Manufacturing June

AERO Vodochody Czech Republic 200 Manufacturing April

Deachang Seat Czech Republic 150 Manufacturing June

Grupo Antolin Czech Republic 222 Manufacturing June

Hitachi Automotive Systems Czech Republic 224 Manufacturing June

Jyco Europe Czech Republic 130 Manufacturing June

KAMAX Czech Republic 300 Manufacturing May

Pixmania Czech Republic 200 Retail May

Remax Czech Republic Czech Republic 800 Business services June

Saar Gummi Czech Czech Republic 150 Manufacturing May

Škoda Auto Czech Republic 200 Manufacturing April

SMC Czech Republic 200 Manufacturing June

T. RAD Czech Czech Republic 134 Manufacturing June

Tesco Czech Republic 100 Retail May

Toyoda Gosei Czech Czech Republic 180 Manufacturing June

VGP Czech Republic 300 Manufacturing May

MAXIMA Eesti Estonia 100 Retail May

Aerolia France 220 Manufacturing June

Allianz France 500 Financial services May

Alteca France 126 Business services June

Atos Origin France 120 Business services April

BT France 500 Business services April

Eolen France 150 Business services May

Huis Clos France 400 Construction May

21 | employment restructuring report | european union edition Q3 2011

Page 22: EU Employment Restructuring Report Q3 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

07 Organisation Location Total (approx) Industry Month

Kurt Salmon France 200 Business services May

Ministry of Justice France 500 Public administration June

Segula Technologie France 300 Business services May

SII France 850 Business services May

SNCF France 8000 Transport / communication April

socomec France 300 Manufacturing April

Steria France 1200 Business services April

A.T. Kearney Germany 100 Business services May

Audi Germany 1200 Manufacturing May

Bechtle Germany 350 Business services June

BMW Germany 1000 Manufacturing May

Bosch Germany 900 Manufacturing April

Ford Germany Germany 700 Manufacturing June

Goodyear Dunlop Tires Germany 150 Manufacturing April

MTU Maintenance Germany 131 Manufacturing April

R+V Germany 400 Financial services April

Steria Mummert Consulting Germany 340 Business services May

ZF Friedrichshafen Germany 2000 Manufacturing April

GE Hungary Hungary 250 Manufacturing April

Nostra Cement Hungary 130 Manufacturing May

Marketo Ireland 125 Business services May

NDP Group Ireland 100 Business services May

Version 1 Ireland 180 Business services May

ZAGG International Distribution Ltd Ireland 170 Manufacturing April

Iveco Italy 300 Manufacturing May

Janssen Italy 100 Manufacturing May

Maxima Latvija Latvia 258 Retail May

Cili Holdings Lithuania 100 Hotels / restaurants April

Maxima LT Lithuania 135 Retail June

Job creations

22 | employment restructuring report | european union edition Q3 2011

Page 23: EU Employment Restructuring Report Q3 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

07 Organisation Location Total (approx) Industry Month

Maxima LT Lithuania 130 Retail April

Western Union Lithuania 200 Financial services May

Pricewaterhouse Coopers Luxembourg 500 Business services May

Trelleborg Sealing Solutions Malta 170 Manufacturing May

Carrefour Poland 140 Retail April

Carrefour Poland 120 Retail April

Castorama Poland 150 Retail May

Ceramika Paradyż Poland 100 Manufacturing May

Employee Operation Centre Poland 150 Business services May

General Inspectorate of Transport Poland 100 Public administration May

Grupa B4 Poland 200 Manufacturing April

Guardian Automotive Poland 240 Manufacturing June

Husqvarna Poland Poland 100 Manufacturing April

Integrated Solutions Poland 100 Business services June

Jeromino Martins Poland 4000 Retail April

Kaufland Poland 100 Retail May

NWR Karbonia Poland 200 Mining / quarrying April

OBI Poland 150 Retail June

OBI Poland 125 Retail April

Pittsburgh Glass Works Poland 170 Manufacturing June

Przedsiębiorstwo Górnicze Silesia Poland 182 Mining / quarrying May

TJX Europe Poland 900 Transport / communication May

Valdi Ceramica Poland 180 Manufacturing May

Voice Contact Center Poland 102 Business services June

Decathlon Portugal 200 Retail June

Jumbo Portugal 304 Retail April

Computer Generated Solutions Romania 300 Business services May

Kirchhoff Automotive Romania 200 Manufacturing May

Pelican Impex Romania 500 Health / social work May

Job creations

23 | employment restructuring report | european union edition Q3 2011

Page 24: EU Employment Restructuring Report Q3 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

07

24 | employment restructuring report | european union edition Q3 2011

Organisation Location Total (approx) Industry Month

Prio Foods Romania 110 Manufacturing May

AU Optronics Slovakia 700 Manufacturing June

Billa Slovensko Slovakia 300 Retail April

Bio Products Industries Slovakia 180 Manufacturing June

Double Tree by Hilton Slovakia 100 Hotels / restaurants April

Faurecia Slovakia 700 Manufacturing April

Howe Slovensko Slovakia 150 Manufacturing April

Lear Corporation Seating Slovakia 200 Manufacturing April

Lidl Slovakia 100 Retail April

Mayser Slovakia 150 Manufacturing May

Plastiflex Slovakia Slovakia 100 Manufacturing May

PSA Peugeot Citroën Slovakia 900 Manufacturing April

Terno Slovakia 200 Retail April

Tesco Stores SR Slovakia 600 Retail April

Julon Slovenia 70 Manufacturing May

Mura in partnerji Slovenia 920 Manufacturing April

Revoz Slovenia 300 Manufacturing June

TBP Slovenia 100 Manufacturing April

CIRSA Spain 100 Manufacturing June

Seat Spain 700 Manufacturing June

Siemens AB Sweden 300 Manufacturing April

Stream International Nordic Sweden 90 Business services April

Volvo Car Corporation Sweden 600 Manufacturing May

Aggreko United Kingdom 160 Business services June

GT Group United Kingdom 200 Manufacturing May

International Cuisine Ltd United Kingdom 150 Manufacturing May

London Fire Brigade United Kingdom 150 Public administration May

Serco United Kingdom 600 Business services June

Siemens United Kingdom 300 Manufacturing June

Job creations

Source: European Monitoring Centre on Change

Page 25: EU Employment Restructuring Report Q3 2011

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 530,000 employees annually. Revenue in 2010 was $5 billion. visit www.kellyservices.com and connect with

us on Facebook, linkedin, and twitter.

to ReCeive this RepoRt

this report is available to registered subscribers at www.kellyservices.com/layoffs

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, head of thought leadership & Marketing

With 15 years experience in the human resources and workforce consulting space, todd has overall responsibility for

thought leadership and global marketing initiatives. 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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