e.u. employment restructuring report q1 2013
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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 the European Union.TRANSCRIPT
employment restructuringreport
2013
e u r o p e a n u n i o n e d i t i o n
1
contents
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 Q1 2013
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 job layoffs announced in europe p/14
07major job creations announced in europe p/23
about this report p/26
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
methodology notes:
the Employment
Restructuring Report is
compiled by Kelly services
using publicly available data
from official, private and
non-profit organisations. it
aims to provide a summary
of the leading factors
contributing to labour
and hiring conditions in
the relevant markets,
with a special focus on
up-to-date layoff and
job creation statistics.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ The EU has started
2013 on a sombre note,
with growth in negative
territory across the region
and the unemployment
situation worsening, just
as more prosperous signs
began to emerge elsewhere
in the global economy.
this contrasts with the improving trend that is occurring in both
the us and china, and even in japan under a new administration
determined to pursue an aggressive growth strategy.
3 | employment restructuring report | european union edition Q1 2013
News of the poor state of
the EU economy in the final
months of 2012 capped off
a bleak year. GDP fell by
0.5% during the final quarter
of 2012 as the two biggest
economies, Germany and
France, both contracted
more than expected.
It was the first calendar year
since 1995 where the EU
region recorded no single
quarter of positive growth.
Underscoring the trend, in the
final quarter GDP in Germany,
France and the UK fell 0.6%,
0.3% and 0.3% respectively.
The eurozone unemployment
rate reached 11.7%, up from
10.4% the previous year.
While the worst case scenario
surrounding the sovereign
debt crisis did not eventuate,
the depressed trading
conditions and subdued
consumer outlook translated
into a jump in the number of
job layoffs in the final quarter.
This contrasts with the
improving trend that is
occurring in both the US and
China, and even in Japan
under a new administration
determined to pursue an
aggressive growth strategy.
The employment situation in
the EU remains depressed,
with a significant number
of positions cut in France,
the UK and Italy.
While growth prospects in
the US are brightening, the
return to prosperity in the
EU is much more subdued.
Indeed the IMF has revised
down its GDP forecast for
2013, predicting a 0.2%
decline instead of its earlier
predicted 0.2% expansion.
One important factor
on the positive side is
the re-evaluation of risk.
Fears of a eurozone break
up and sovereign debt
crisis have dramatically
eased. Stockmarkets have
rebounded, reflecting a
new sense of optimism.
There still remains the task
of restoring budget balance
and improving liquidity in
the banking system. This
means that the whole EU
recovery will remain a fragile
process and slower to
translate to the private sector
than experiences by other
countries around the world.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ The final months
of 2012 saw a marked
deterioration in the EU labour
market, with the number or
layoffs increasing significantly
– a total of 215,000 workers
lost their positions in the
six months to December.
As the official data now shows,
the second half of 2012
was worse than most had
anticipated, and the labour
01eu labour marKet trends
4 | employment restructuring report | european union edition Q1 2013
statistics simply confirm what
a difficult period it was.
There was a total of 360
instances of major restructures
announced by employers
– 255 involving job losses
and 100 involving job gains.
(A further five involved
both losses and gains).
In all, 110,337 job losses
were reported in the final
quarter. This was the highest
quarterly rate of attrition
in just over a year.
There were a total of 43,902
announced job gains, a slight
improvement on the previous
quarter but much too small to
close the gap, and well below
the long term trend for the EU.
It is worth remembering
that during 2012, GDP in
the eurozone fell by 0.4%. If
the IMF is correct and 2013
produces a 0.2% decline,
then there is only likely to
be a modest improvement
in the labour market. Even
for 2014, the IMF is only
predicting 1% growth, so the
trajectory for recovery is slight,
unless something changes.
total reported european job losses and gains resulting from restructuring (Q2 2006 to Q4 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 job layoffs announced in europe
07 major job creations announced in europe
about this report
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
5 | employment restructuring report | european union edition Q1 2013
0
50000
100000
150000
200000
250000 Creation
Loss
2012/Q42012/Q32012/Q22012/Q12011/Q42011/Q32011/Q22011/Q12010/Q42010/Q32010/Q22010/Q12009/Q42009/Q32009/Q22009/Q12008/Q42008/Q32008/Q22008/Q12007/Q42007/Q32007/Q22007/Q12006/Q42006/Q32006/Q2
Creation
Loss
Creation
Loss
0
50,000
100,000
150,000
200,000
250,000Creation
Loss
2011
/Q4
2012
/Q1
2012
/Q2
2012
/Q3
2012
/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
LossCreation
in all, 110,337 job losses were reported in the final Quarter.
this was the highest Quarterly rate of attrition in just over a year.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ France recorded
the largest number of job
losses during the final
quarter of 2012 – a total
of 16,392 positions cut,
consistent with an economy
that essentially marked time
for the duration of 2012.
Other countries with significant
cuts in employment were
the UK, where 11,362
employees were made
redundant, Italy (11,351)
Belgium (10,419), Spain
(9,865) and Germany (9,527).
There are approximately 26
million people unemployed
across Europe, some two
million more than a year
ago. For the eurozone, the
unemployment rate is 11.7%.
Unemployment rates have
risen over the course of the
02eu member state labour trends
6 | employment restructuring report | european union edition Q1 2013
4%) prevail in many
parts of Belgium, the
Netherlands, Austria and
the south of Germany.
The stark finding is that those
regions that already had
relatively high unemployment
rates have deteriorated faster,
and youth unemployment
has dramatically increased.
While France saw the largest
number of announced job
losses by employers, it also
experienced the EU’s largest
number of job gains.
A total of 12,477 jobs were
created in France, largely
as a result of a number of
major aerospace and defence
initiatives. The UK, Germany
and Romania all benefitted
from a number of smaller
individual expansions that
involved new hirings.
year in the majority of EU
countries, but a few have
bucked the trend, notably
Germany and the UK.
Eurostat has recently updated
its longer term impacts of
the economic downturn
and highlighted the strong
asymmetric nature of the
crisis on regional labour
markets across Europe.
Not surprisingly, labour
markets in Spain and Greece
have been the hardest hit
by the recession. Germany
on the other hand, is the
only country that has seen
unemployment decline in
all regions since 2008.
Interestingly, the disparity
across regions has increased
over time. Very low rates
of unemployment (below
total reported european job losses by country (Q1 2012 to Q4 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 job layoffs announced in europe
07 major job creations announced in europe
about this report
7 | employment restructuring report | european union edition Q1 2013
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
0
5000
10000
15000
20000
25000
30000
35000 Q4 2012
Q3 2012
Q2 2012
Q1 2012
FinlandPortugalDenmankSlovakiaRomaniaHungaryIrelandGreeceNetherlandsCzech RepublicPolandSwedenGermanySpainBelgiumItalyUnited KingdomFrance
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
Q4 2012
Q3 2012
Q2 2012
Q1 2012
Finl
and
Po
rtug
al
Den
mar
k
Slo
vaki
a
Ro
man
ia
Hun
gar
y
Irel
and
Gre
ece
Net
herl
and
s
Cze
ch R
epub
lic
Po
land
Swed
en
Ger
man
y
Spai
n
Bel
giu
m
Ital
y
Uni
ted
Kin
gd
om
Fran
ce
Q2 2010Q1 2010Q4 2009Q3 2009
Q3 2012Q2 2012Q1 2012 Q4 2012
not surprisingly, labour marKets in spain and greece have been
the hardest hit by the recession. germany is the only country
that has seen unemployment decline in all regions since 2008.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
total reported european job gains by country (Q1 2012 to Q4 2012)
8 | employment restructuring report | european union edition Q1 2013
very low rates of
unemployment
(below 4%) prevail
in many parts
of belgium, the
netherlands,
austria and the
south of germany.
0
5000
10000
15000
20000 Q4 2012
Q3 2012
Q2 2012
Q1 2012
LithuaniaPortugalSlovakiaBulgariaHungaryItalyCzech RepublicSwedenPolandBelgiumIrelandRomaniaGermanyUnited KingdomFrance
0
4,000
8,000
12,000
16,000Q4 2012
Q3 2012
Q2 2012
Q1 2012
Lith
uani
a
Po
rtug
al
Slo
vaki
a
Bul
gar
ia
Hun
gar
y
Ital
y
Cze
ch R
epub
lic
Swed
en
Po
land
Bel
giu
m
Irel
and
Ro
man
ia
Ger
man
y
Uni
ted
Kin
gd
om
Fran
ce
Q3 2012Q2 2012Q1 2012 Q4 2012
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ The manufacturing
sector featured in both the
largest number of job losses
and job creations during
the final quarter of 2012.
There were almost 50,000
manufacturing jobs lost
due to restructuring in the
quarter, approximately
40% of total job losses.
Major contributors to the
manufacturing losses came
9 | employment restructuring report | european union edition Q1 2013
from the closure of a steel
cold rolling facility by ILVA
in Taranto, Italy, with the
loss of 5,000 jobs. Ford is
also closing a car making
plant in Genk, Belgium
with 4,300 jobs going.
Telecommunications will
see approximately 10,000
jobs disappear in France,
with Orange and France
Telecom each announcing
separate restructuring plans.
In the financial services
sector, Spain’s fourth largest
bank, Bankia, will lose 6,000
positions as a result of a
major restructuring aimed at
restoring its balance sheet.
Manufacturing also accounted
for the largest share of
job creations – the largest
coming from hi-tech firm
Safran, which will recruit
3,000 employees in France
and 3,000 from elsewhere
in Europe for research
and engineering roles.
Also in France, Airbus will
hire 2,000 new employees
as part of a 4,000-strong
global expansion.
French utilities business,
EDC announced plans to
engage 6,000 employees
by the end of 2013.
total reported european job losses by sector (Q4 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 job layoffs announced in europe
07 major job creations announced in europe
about this report
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
10 | employment restructuring report | european union edition Q1 20130
10000
20000
30000
40000
50000
AgricultureProfessional servicesArts/EntertainmentHotels/restaurantsMiningHealth /social workAdministrationUtilitiesConstructionPublic administration & defenceTransport /storageRetailFinancial servicesInformation/communicationManufacturing
0
10,000
20,000
30,000
40,000
50,000
Ag
ricu
ltur
e
Pro
fess
iona
l ser
vice
s
Art
s/E
nter
tain
men
t
Ho
tels
/res
taur
ants
Min
ing
Hea
lth
/so
cial
wo
rk
Ad
min
istr
atio
n
Uti
litie
s
Co
nstr
ucti
on
Pub
lic a
dm
inis
trat
ion
and
def
ence
Tran
spo
rt /
sto
rag
e
Ret
ail
Fina
ncia
l ser
vice
s
Info
rmat
ion/
com
mun
icat
ion
Man
ufac
turi
ng
46,763
17,69016,058
7,307 6,0644,360 3,863
2,309 2,224 1,119 1,040 924 500 310 206
spain’s fourth largest banK, banKia, will lose 6,000 positions as a result
of a major restructuring aimed at restoring its balance sheet.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
total reported european job gains by sector (Q4 2012)
11 | employment restructuring report | european union edition Q1 2013
in france, airbus
will hire 2,000 new
employees as part
of a 4,000-strong
global expansion.
0
3000
6000
9000
12000
15000
Real estateArts/entertainmentFinancial servicesAdministrationEducatiomInformation/communicationUtilitiesHotels/restaurantsHealth/social workProfessional servicesTransport /storageRetailManufacturing
0
3,000
6,000
9,000
12,000
15,000
Rea
l est
ate
Art
s/en
tert
ainm
ent
Fina
ncia
l ser
vice
s
Ad
min
istr
atio
n
Ed
ucat
ion
Info
rmat
ion/
com
mun
icat
ion
Uti
litie
s
Ho
tels
/res
taur
ants
Hea
lth/
soci
al w
ork
Pro
fess
iona
l ser
vice
s
Tran
spo
rt /
sto
rag
e
Ret
ail
Man
ufac
turi
ng
12,272
7,500
6,050
3,380 3,200 2,8102,000
1,360 1,360 1,200 940 800100
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ The most significant
change in the reasons given
for job losses in the quarter
was the sharp jump in
‘closures’ – up from 6% in the
September quarter to 18%
in the December quarter.
This underlines the
breaking point that was
reached at the end of
2012 for many businesses
that could not sustain the
prolonged downturn.
It does seem that when
combined with the worse than
expected growth figures and
the spike in retrenchments,
the final months of 2012
were ‘a bridge too far’ for
many enterprises, probably
not helped by the pessimism
surrounding the debt crisis,
and the fear that things
could only get worse.
total reported european job losses by type of restructuring Q4 2012
12 | employment restructuring report | european union edition Q1 2013
Closure
Internal restructure
Offshoring/delocalisation
Merger/acquisition
Bankruptcy
70%
18%
6%3% 3%
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
➔ There are a host of
positive signs emerging
in the world economy
as 2013 unfolds.
It will surely be one of the
most intriguing periods
for economy-watchers,
characterised by the
emergence from Europe’s
existential sovereign debt
crisis, an unprecedented
bout of money printing
across the major economies,
and an ongoing round of
currency devaluations.
There are legitimate concerns
as to how the world economy
will wean itself off the mass
monetary expansion that
has become the vogue,
and what impact all this
13 | employment restructuring report | european union edition Q1 2013
will have on inflation.
For the moment, most in the
business world are simply
happy to see growth re-
emerging in the US and China,
Japan switching to stimulus,
and investors flooding
back to stock markets.
In the US, the speed of
the turnaround has been
quite extraordinary. Upward
revisions in non-farm payrolls,
good manufacturing data,
signs of a housing recovery
and the stock market hitting its
highest level since 2007, have
all transformed sentiment.
There were some 600,000
jobs created in the US in
the fourth quarter, when the
GDP recorded a surprise
contraction of 0.1%. Last
year’s fiscal cliff worries
have all but evaporated.
Japan’s new government
has committed to joining
the quantitative easing
bandwagon, and China is
rebounding from its downturn.
All this leaves Europe
looking somewhat exposed,
but there are a few bright
spots that point to recovery
getting underway. In the UK
a boost to home lending
has seen housing sales hit
their highest level since the
peak of the market in 2007.
In Germany, investor
confidence has hit a pre-crisis
high, and unemployment has
hit an historic low of 6.8%.
With the overhanging fears
of a euro break-up now in
the background, it seems
possible that the EU could
resume a modest growth
path in 2013, and, if so,
that would spark a rapid
response in labour markets.
Certainly stock market
investors are pricing in a
more robust recovery than
is reflected in the more
downbeat IMF forecasts.
Importantly, there is a
groundswell of economic
activity emerging around the
globe that will now help to
buffer Europe until its political
and financial health returns.
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
06major job layoffs announced in europeoct to dec 2012
BMW Austria 100 Manufacturing December
Sony DADC Austria Austria 155 Manufacturing November
Isovoltaic Austria 95 Manufacturing October
W. Hamburger Austria 100 Manufacturing October
Neckermann Austria 120 Retail December
Austrian Airlines Austria 150 Transportation/storage December
Rail Cargo Austria Austria 100 Transportation/storage October
BNP Paribas Fortis Belgium 1,800 Financial services December
Belfius Belgium 920 Financial services November
VRT Belgium 120 Information/communication November
Hewlett-Packard Belgium 265 Information/communication October
Magna Belgium 115 Manufacturing December
BMTech Belgium 134 Manufacturing November
Philips Belgium 480 Manufacturing November
Alcatel-Lucent Belgium Belgium 290 Manufacturing October
Duferco-NLMK Belgium 601 Manufacturing October
Exelto Belgium 139 Manufacturing October
Ford Belgium 4,300 Manufacturing October
Kraft Foods Namur Belgium 66 Manufacturing October
TE Connectivity Belgium 155 Manufacturing October
Volvo Cars Belgium 300 Manufacturing October
Polygone International Belgium 110 Professional services October
Levi Strauss & Co Belgium 55 Retail December
Photo Hall Belgium 350 Retail October
Staples Belgium Belgium 219 Retail October
Lead-Zinc Complex AD – Kardjali Bulgaria 520 Manufacturing November
Cyprus Airways Cyprus 407 Transportation/storage November
Less & Forest Czech Republic 206 Agriculture October
Tipsport Czech Republic 100 Arts/entertainment November
Unistav Czech Republic 70 Construction December
CSOB Czech Republic 470 Financial services December
14 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
06 ING Pojištovna Czech Republic 119 Financial services December
Telefonica Czech Republic Czech Republic 500 Information/communication November
OCZ Vrchlabí Czech Republic 109 Manufacturing December
VOP CZ Czech Republic 120 Manufacturing December
Panasonic Czech Republic 615 Manufacturing November
Pegatron Czech Czech Republic 760 Manufacturing November
Elitex slévárna Czech Republic 113 Manufacturing October
Pilsen Steel Czech Republic 169 Manufacturing October
Škoda Auto Czech Republic 200 Manufacturing October
Czech Coal Czech Republic 500 Mining/quarrying November
Czech Republic National Army Czech Republic 1,500 Public administration and defence
October
CD Cargo Czech Republic 450 Transportation/storage December
Saxo Bank Denmark 168 Financial services November
Spar Nord Denmark 150 Financial services November
Danske Bank Denmark 600 Financial services October
Dong Energy Denmark 324 Utilities November
Bellus Furnitur Estonia 60 Manufacturing October
Estonian Air Estonia 146 Transportation/storage November
Accenture Finland 330 Information/communication October
Cargotec Finland 130 Manufacturing October
Componenta Finland 100 Manufacturing October
Pilkington Automotive Finland 320 Manufacturing October
Stora Enso Finland 60 Manufacturing October
Kuusakoski Finland 85 Utilities October
Randstad France 163 Administrative services December
Huis Clos France 150 Construction November
Fima Menuiseries France 111 Construction October
Sud-Ouest France 180 Information/communication November
France Télécom France 5,000 Information/communication October
Orange France 5,000 Information/communication October
Delphi France 157 Manufacturing December
Organisation Location Total (approx) Industry Month
job layoffs
15 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
06 Texas Instruments France France 517 Manufacturing December
Albany France France 201 Manufacturing November
Candia France 313 Manufacturing November
Durisotti France 109 Manufacturing November
Mondi Lembacel France 104 Manufacturing November
Alcatel-Lucent France 1,430 Manufacturing October
CECAB France 244 Manufacturing October
Cimest France 100 Manufacturing October
Coca-Cola Entreprise France 199 Manufacturing October
Ideal Fibres & Fabrics Dunkerque France 115 Manufacturing October
Petroplus France 430 Manufacturing October
Plastic Omnium France 110 Manufacturing October
Sicli France 123 Manufacturing October
Thomson Angers SAS France 350 Manufacturing October
Canon France 354 Retail November
Coopérateurs de Normandie Picardie France 304 Retail October
Surcouf France 379 Retail October
Sabena Technics DNR France 149 Transportation/storage October
Veolia Environnement France 100 Utilities November
juwi Germany 125 Construction November
Credit Suisse Germany 150 Financial services December
Allianz Germany 300 Financial services October
DZ Bank Germany 100 Financial services October
Ergo Germany 200 Financial services October
dapd Germany 98 Information/communication November
G+J Wirtschaftsmedien Germany 314 Information/communication November
Bibliographisches Institut Germany 140 Information/communication October
Bigpoint Germany 80 Information/communication October
AstraZeneca Germany 400 Manufacturing December
Loewe Germany 190 Manufacturing December
Siemens Energy Sector Germany 1,100 Manufacturing December
job layoffs
16 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
Nokia Siemens Networks Germany 650 Manufacturing November
Opel Germany 300 Manufacturing November
Osram Germany 400 Manufacturing November
Plastic Omnium Germany 200 Manufacturing November
Rheinmetall Germany 200 Manufacturing November
Alcatel-Lucent Germany 530 Manufacturing October
Bombardier Germany 600 Manufacturing October
Dalli Germany 98 Manufacturing October
Schiess Germany 155 Manufacturing October
SMA Solar Germany 750 Manufacturing October
ThyssenKrupp Bilstein Suspension Germany 175 Manufacturing October
Wepa Germany 150 Manufacturing October
Opel Germany 200 Professional services October
FDGHG Germany 372 Transportation/storage October
EnBW Germany 1,350 Utilities December
Open Grid Germany 200 Utilities November
Bank of Cyprus Greece 186 Financial services December
Cyprus Popular Bank Greece 400 Financial services December
Citibank Greece 170 Financial services November
Costa Coffee Greece 100 Hotel/restaurants November
Liberis Publications Greece 500 Information/communication November
IKA – ETAM Greece 500 Public administration and defence
November
Public Sector Greece 2,000 Public administration and defence
October
Médiaszolgáltatás-támogató és Vagyonkezelö Alap Hungary 250 Information/communication November
Gyulai Húskombinát Hungary 300 Manufacturing November
Bernard Matthews Hungary 400 Manufacturing October
Kapuvári Hús Hungary 212 Manufacturing October
Bricostore Hungária Barkácsáruház Hungary 670 Retail November
Liberty Insurance Ireland 285 Financial services November
Eircom Ireland 2,000 Information/communication November
job layoffs
17 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
Ericsson Ireland 100 Manufacturing November
Abbott Nutrition Ireland 180 Manufacturing October
Merck Sharp and Dohme Ireland 90 Manufacturing October
Olhausen Ireland 160 Manufacturing October
Teleperformance Italy 745 Administrative services October
Pavimental Italy 335 Construction November
San Raffaele Italy 244 Health/social work October
Compass Italia Italy 824 Hotel/restaurants October
Invensys Italy 166 Information/communication October
Bonfiglioli Italy 230 Manufacturing December
Azimut-Benetti Italy 550 Manufacturing November
Coca Cola HBC Italia Italy 642 Manufacturing November
ILVA Italy 5,000 Manufacturing November
Pilkington Italy 173 Manufacturing November
TRW Automotive Italy 105 Manufacturing November
Aicon Yachts Italy 332 Manufacturing October
La Perla Italy 309 Manufacturing October
Lear Italy 170 Manufacturing October
Selex Sistemi Integrati Italy 350 Manufacturing October
Sertubi Italy 148 Manufacturing October
Darty Italy 105 Retail December
Poste Italiane Italy 233 Transportation/storage December
Alitalia Italy 690 Transportation/storage October
Hipoteku un Zemes Banka Latvia 400 Financial services November
KBL Luxembourg 136 Financial services November
Hyosung Wire Luxembourg 186 Manufacturing October
Holland Casino Netherlands 400 Arts/entertainment November
BAM Netherlands 650 Construction November
Heijmans Netherlands 200 Construction November
Ballast Nedam Netherlands 400 Construction October
BAM Rail Netherlands 90 Construction October
job layoffs
18 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
SNS Reaal Netherlands 750 Financial services November
APG Netherlands 800 Financial services October
ING Netherlands 100 Financial services October
Kennemer Gasthuis Netherlands 250 Health/social work October
BTE Netherlands 220 Manufacturing November
Vion Netherlands 105 Manufacturing November
Wessanen Netherlands 300 Manufacturing November
Provincie Zuid-Holland Netherlands 180 Public administration and defence
October
FloraHolland Netherlands 140 Retail December
De Harense Smid Netherlands 133 Retail November
Henk Netherlands 175 Retail October
Bilfinger Berger Budownictwo Poland 400 Construction November
Weltbild Polska Poland 320 Information/communication December
GG Network Poland 60 Information/communication October
TVP Poland 200 Information/communication October
Delfo Polska Poland 310 Manufacturing December
Fiat Auto Poland Poland 1,450 Manufacturing December
Johnson Controls Poland 117 Manufacturing December
Zakłady Chemiczne Zachem Poland 600 Manufacturing December
Adamed Poland 330 Manufacturing November
Fabryka Łozysk Tocznych Poland 176 Manufacturing November
MSD Poland 200 Manufacturing November
Orion Electric Poland Poland 177 Manufacturing November
PKC Group Poland Poland 180 Manufacturing November
Bader Poland 300 Manufacturing October
TRW Automotive Poland 180 Manufacturing October
Tradis Poland 638 Retail October
Polskie Linie Lotnicze LOT Poland 600 Transportation/storage December
BCP Portugal 600 Financial services November
Kemet Portugal 154 Manufacturing November
Steiff Portugal 103 Manufacturing November
job layoffs
19 | employment restructuring report | european union edition Q1 2013
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
job layoffs
20 | employment restructuring report | european union edition Q1 2013
Organisation Location Total (approx) Industry Month
Peres Soctip Portugal 180 Manufacturing October
Banca Comerciala Romana (BCR) Romania 1,600 Financial services December
Doprastav Slovakia 200 Construction December
Ústredná vojenská nemocnica Slovakia 120 Health/social work November
Nemocnica v Lucenci Slovakia 50 Health/social work October
Rozhlas a televízia Slovenska Slovakia 298 Information/communication October
Yazaki Wiring Technologies Slovakia 100 Manufacturing December
PPS Group Slovakia 180 Manufacturing November
Delphi Slovensko Slovakia 85 Manufacturing October
Elkop Slovakia 30 Manufacturing October
Ryoka Global Europe Slovakia 227 Manufacturing October
Granit Gradbeništvo Slovenia 160 Construction November
Stavbenik Slovenia 100 Construction November
CM Celje Slovenia 275 Construction October
Prevent Halog Slovenia 213 Manufacturing November
Bankia Spain 6,000 Financial services November
Hospital Severo Ochoa Spain 130 Health/social work December
Telemadrid Spain 925 Information/communication December
Unidad Editorial Spain 170 Information/communication October
Gamesa Spain 324 Manufacturing December
Trety Spain 145 Manufacturing December
Bridgestone Hispania Spain 442 Manufacturing November
Ficosa Electronics Spain 259 Manufacturing November
AENA Spain 1,600 Transportation/storage November
Lernia Bemanning Sweden 200 Administrative services November
Infranord Sweden 190 Construction December
Backgårdens Bygg Bo Johansson Sweden 41 Construction November
NCC Sweden 100 Construction October
Peab Sweden 106 Construction October
Svevia Sweden 160 Construction October
Uppsala University Hospital Sweden 325 Health/social work November
06job layoffs
21 | employment restructuring report | european union edition Q1 2013
Organisation Location Total (approx) Industry Month
Hallpressen Sweden 60 Information/communication December
IKEA Communications Sweden 80 Information/communication December
Mittmedia Sweden 150 Information/communication December
Tieto Sweden Sweden 110 Information/communication December
Mediabolaget Västkusten Sweden 50 Information/communication October
Akzo Nobel Decorative Coatings Sweden 54 Manufacturing December
GGP Sweden Sweden 175 Manufacturing December
Ovako Sweden 134 Manufacturing December
Atlas Copco Rock Drills Sweden 160 Manufacturing November
Emhart Glass Sweden 160 Manufacturing November
Ericsson Sweden 1,550 Manufacturing November
GKN Aerospace Sweden 350 Manufacturing November
Husqvarna Sweden 300 Manufacturing November
Pilkington Sweden 350 Manufacturing November
Sandvik Sweden 140 Manufacturing November
Sapa Profiler Sweden 105 Manufacturing November
Trelleborg Sweden 70 Manufacturing November
Volvo Construction Equipment Sweden 350 Manufacturing November
Volvo Trucks Sweden 260 Manufacturing November
Cargotec Sweden Sweden 280 Manufacturing October
Electrolux Sweden 120 Manufacturing October
Enercon Sweden Sweden 60 Manufacturing October
Haldex Brake Products Sweden 42 Manufacturing October
Holmen Paper Sweden 230 Manufacturing October
Meritor HVS Sweden 195 Manufacturing October
Orrefors Kosta Boda Sweden 130 Manufacturing October
Pilkington Automotive Sweden Sweden 120 Manufacturing October
Rörvik Timber Sweden 50 Manufacturing October
SSAB Sweden 450 Manufacturing October
Volvo Bus Corporation Sweden 330 Manufacturing October
Green Cargo Sweden 100 Transportation/storage December
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
Organisation Location Total (approx) Industry Month
E.ON Sverige Sweden 250 Utilities November
AA United Kingdom 223 Administrative services October
Bowen Travel Group United Kingdom 393 Administrative services October
Firstsource United Kingdom 500 Administrative services October
Credit Suisse United Kingdom 100 Financial services November
Standard Life United Kingdom 140 Financial services November
Colt United Kingdom 200 Information/communication December
Eurocom United Kingdom 150 Information/communication November
Beamlight Automotive Seating United Kingdom 237 Manufacturing December
Seven Seas United Kingdom 250 Manufacturing December
Vauxhall United Kingdom 117 Manufacturing December
Freshlink United Kingdom 145 Manufacturing November
Premier Foods United Kingdom 900 Manufacturing November
Tata Steel United Kingdom 886 Manufacturing November
Ford United Kingdom 1,400 Manufacturing October
Hanson United Kingdom 250 Manufacturing October
Manganese Bronze United Kingdom 156 Manufacturing October
Paramount Foods United Kingdom 450 Manufacturing October
Hargreaves Services United Kingdom 540 Mining/quarrying November
Trafford Council United Kingdom 180 Public administration and defence
October
British Home Stores (BHS) United Kingdom 160 Retail November
B&Q United Kingdom 220 Retail October
Waverley TBS United Kingdom 685 Retail October
British Airways United Kingdom 400 Transportation/storage December
Royal Mail United Kingdom 767 Transportation/storage November
06job layoffs
22 | employment restructuring report | european union edition Q1 2013
Source: 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 job layoffs announced in europe
07 major job creations announced in europe
about this report
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
07major job creations announced in europeoct to dec 2012
23 | employment restructuring report | european union edition Q1 2013
Organisation Location Total (approx) Industry Month
Fédération Wallonie-Bruxelles Belgium 1,250 Education November
Belgacom Belgium 100 Information/communication November
Toyota Motors Belgium 100 Manufacturing October
PricewaterhouseCoopers (PwC) Belgium 300 Professional services October
Stib Belgium 109 Transportation/storage December
Bpost Belgium 300 Transportation/storage October
Janssen Pharmaceutical Belgium 115 Transportation/storage October
Perfektyup Pakedzhing BG Bulgaria 100 Manufacturing October
Lufthansa Technik Sofia Bulgaria 600 Transportation/storage October
Comdata Czech Czech Republic 100 Administrative services November
Faurecia Czech Republic 800 Manufacturing December
Zetor Tractors Czech Republic 150 Manufacturing December
ABB Czech Republic 400 Manufacturing November
LEGO Czech Republic 200 Manufacturing November
Maxima Eesti Estonia 100 Retail November
Lemminkäinen Talotekniikka Finland 100 Real estate November
Générale de santé France 3,000 Health/social work October
Synchrone Technologies France 450 Information/communication December
Airbus France 2,000 Manufacturing October
General Electric France 150 Manufacturing October
Safran France 3,000 Manufacturing October
Système U France 250 Retail November
UNIQLO France France 1,000 Retail October
Amazon France 2,500 Transportation/storage November
EDF France 2,000 Utilities October
Ernst & Young Germany 1,200 Professional services December
Bosch Rexroth Germany 100 Professional services October
Ferchau Engineering Germany 600 Professional services October
Rossmann Germany 2,000 Retail October
Schnellecke Germany 400 Transportation/storage December
Rudolph Logistik Germany 450 Transportation/storage November
Pfenning Germany 600 Transportation/storage October
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
07job creations
24 | employment restructuring report | european union edition Q1 2013
Organisation Location Total (approx) Industry Month
Raiffeisen Bank Hungary 150 Financial services November
Givaudan Hungary 300 Manufacturing October
Teva Magyarország Hungary 263 Manufacturing October
Paddy Power Ireland 800 Arts/entertainment October
Butterfield Fulcrum Ireland 150 Financial services November
Fidelity Investments Ireland 200 Financial services November
Yapstone Ireland 120 Financial services October
Centric Health Ireland 200 Health/social work December
McDonalds Ireland 700 Hotel/restaurants November
Nando’s Ireland 110 Hotel/restaurants October
Swrve Ireland 100 Information/communication November
Nypro Healthcare Ireland 100 Manufacturing December
Pittarello Italy 434 Manufacturing October
Amazon Italy 500 Retail November
Maxima Latvia Latvia 173 Retail October
Maxima LT Lithuania 120 Retail December
Lietuvos pastas Lithuania 100 Transportation/storage October
Centrum Obsługi Biznesu Poland 100 Administrative services December
PKO BP Poland 150 Administrative services November
Casus Finanse Poland 200 Administrative services October
Transcom WorldWide Poland Poland 150 Administrative services October
Luxoft Poland 100 Information/communication December
Newell Rubbermaid Poland 100 Manufacturing December
VELUX Poland 100 Manufacturing December
ABB Poland 140 Manufacturing November
HKL Dekoracja Okien Poland 200 Manufacturing November
TRI Poland Poland 200 Manufacturing November
Bianor Poland 150 Manufacturing October
UTC Aerospace Systems Poland 100 Manufacturing October
Samsung Electronics Poland 150 Professional services December
Capgemini Poland 100 Professional services November
Hewlett-Packard Poland 200 Professional services November
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 job layoffs announced in europe
07 major job creations announced in europe
about this report
07job creations
25 | employment restructuring report | european union edition Q1 2013
Organisation Location Total (approx) Industry Month
Source: European Monitoring Centre on Change
Armatis Portugal 200 Administrative services November
Padaria Portuguesa Portugal 120 Manufacturing November
Astra Romania 200 Financial services December
iQuest Romania 110 Information/communication November
Autoliv Romania Romania 1,500 Manufacturing December
Preh Romania Romania 120 Manufacturing November
MGC International Investments Romania 150 Manufacturing October
Cora Romania 1,300 Retail November
Logis Bruckner Slovakia 200 Manufacturing October
ZWL Slovakia Slovakia 135 Manufacturing October
Schnellecke Slovakia 350 Transportation/storage October
ISS Facility Services Sweden 300 Administrative services November
Swedbank Sweden 120 Financial services November
Bauhaus Sweden 800 Retail December
IKEA Sweden 200 Retail December
Jula Sweden 100 Retail November
SJ Sweden 150 Transportation/storage December
DSV Sweden 80 Transportation/storage November
Pizza Hut Delivery United Kingdom 2,000 Hotel/restaurants December
Direct Save Telecom United Kingdom 120 Information/communication October
Three United Kingdom 380 Information/communication October
Plexus United Kingdom 130 Manufacturing December
Sellafield United Kingdom 450 Manufacturing December
TRW United Kingdom 170 Manufacturing November
PricewaterhouseCoopers (PWC) United Kingdom 150 Professional services November
Dobbies United Kingdom 120 Retail December
Clipper Logistics United Kingdom 305 Transportation/storage November
Dynamic Parcel Distribution United Kingdom 1,500 Transportation/storage November
Harrods United Kingdom 100 Transportation/storage October
Ryanair United Kingdom 1,000 Transportation/storage October
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 the european union.
COunTRIes COveRed In ThIs RepORT
This edition of the employment Restructuring Report covers norway and the 27 countries of the european union. 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 560,000 employees annually. Revenue in 2012 was $5.5 billion. visit kellyservices.com and connect
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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
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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