EMPLOYMENT RESTRUCTURING REPORT 2012 EUROPEAN UNION EDITION 3
E.U. Employment Restructuring Report Europe Q3 2012
Sep 14, 2014
The Kelly Restructuring Index is compiled by Kelly Outsourcing Group, a division of Kelly Services. It aims to provide a summary of the leading factors contributors to labor and hiring conditions in the relevant markets, with a special focus on up-to-date layoffs and job creation statistics. It is compiled from publicly available data from official, private and not-for-profit organizations.
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employment restructuringreport
2012
e u r o p e a n u n i o n e d i t i o n
3
contents metHodology notes:
the Kelly restructuring
index is compiled by Kelly
outsourcing group, a
division of Kelly services.
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
layoffs and job creation
statistics. it is compiled from
publicly available data from
official, private and not-for-
profit organizations.
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 Q3 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 job layoffs announced in europe p/14
07major job creations announced in europe p/22
about this report p/27
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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
➔ The European Union’s
labour market suffered further
weakness, with job losses
outstripping gains in the first
half of 2012, as the region’s
economic deterioration
continued.
The precarious
financial state of
key EU economies
is feeding into
a debilitating jobs
market, characterised
by stalled jobs growth,
and sustained levels
of retrenchments.
Persistent negative news
from financial markets and
tHere Has been a discernible deterioration in economic performance
in tHe Key economies of germany, france and tHe united Kingdom.
3 | employment restructuring report | european union edition Q3 2012
downgrades in national
GDP have knocked business
and consumer sentiment,
and reinforced a cycle of
adverse events that are
thwarting recovery.
Amid the gloom, a significant
break has come with the move
by the European Central Bank
(ECB) to purchase the bonds
of stressed EU economies,
perhaps forestalling a
more serious setback, and
even optimistically, ruling
a line under the 2011–12
sovereign debt crisis.
This has been supplemented
by the US Federal Reserve’s
money supply expansion,
aimed at putting some zing
into the tepid US recovery,
albeit at the expense
of inflationary risk.
The ECB’s intervention had
an immediate positive effect
on borrowing costs, and
effectively removed one
factor that could have easily
spiralled into a global banking
and credit slowdown.
There is no guarantee that
this alone will spark renewed
confidence, but failure to
act would have seen the EU
tracking down an unchartered
and hazardous path. Coupled
with the go-ahead for a
Euro-wide rescue package
from Germany’s high court,
the two measures have
substantially shifted sentiment.
As things stand, the economic
position is challenging
enough. There has been a
discernible deterioration
in economic performance
in the key economies of
Germany, France and
the United Kingdom.
Hopes of a return to economic
growth in the EU this year
have all but evaporated, and
there is a prospect of only
modest growth in 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
➔ Labour market
weakness persisted during
the second quarter of 2012,
although the gap between
job gains and job losses
was somewhat better
than in recent quarters.
There was a total of 335 cases
of announced job restructuring
in the three-month period, of
which 193 involved job losses
and 137 involved job creation.
According to the European
Monitoring Centre on Change,
this resulted in a total of
72,793 job losses, compared
with 47,454 job gains, for a
net loss of 25,339 positions.
01eu labour marKet trends
4 | employment restructuring report | european union edition Q3 2012
The unemployment rate in
the EU stood at 10.4% in July,
up from 9.6% a year earlier,
representing almost 25 million
people out of work, about
two million more than a year
ago. Within the eurozone, the
unemployment has edged
even higher to 11.3%.
The lowest unemployment
rates are in Austria (4.5%),
Netherlands (5.3%) and
Germany and Luxembourg
(both 5.5%). The highest
rates are in Spain (25.1%)
and Greece (23.1%).
Elsewhere, the UK has 8%
unemployment, France has
10.3% and Italy has 10.7%.
Stagnant economic growth
across the region is pushing
unemployment into a zone
that would have seemed
unimaginable five years
ago before the onset of
the global financial crisis.
Unfortunately, the picture in
most of the leading economies
seems to be deteriorating
with weakness expected to
last throughout the remainder
of 2012 and into 2013. The
eurozone bloc contracted by
0.2% in the second quarter.
Germany performed slightly
better than forecast with
a 0.3% increase in GDP in
the June quarter, but the
picture is muted, with the
OECD predicting the region’s
powerhouse economy will
slip into recession in the
second half of 2012.
France recorded its third
successive quarter of zero
growth, with its central bank
predicting a mild contraction
in the third quarter. The UK
has suffered three quarters
of negative growth and
is firmly in recession.
total reported european job losses and gains resulting from restructuring (Q4 2005 to 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 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 Q3 2012
tHe unemployment
rate in tHe eu stood
at 10.4% in july –
representing almost
25 million people out
of worK, about two
million more tHan a
year ago.
0
50000
100000
150000
200000
250000 Creation
Loss
2012/Q22012/Q12011/Q42011/Q32011/Q22011/Q12010/Q42010/Q32010/Q22010/Q12009/Q42009/Q32009/Q22009/Q12008/Q42008/Q32008/Q22008/Q12007/Q42007/Q32007/Q22007/Q12006/Q42006/Q32006/Q22006/Q12005/Q4
Creation
Loss
Creation
Loss
0
50,000
100,000
150,000
200,000
250,000Creation
Loss
2011
/Q4
2012
/Q1
2012
/Q2
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
LossCreation
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 weakness in
Germany’s economy saw it
shed almost 15,000 positions
in the second quarter of
2012 – the highest in the EU.
One of the biggest reductions
will occur at Lufthansa, where
2,500 jobs will disappear
due to restructuring.
The second largest country
for job reductions was the
UK, with 9,302 job losses.
One of the biggest cases
involved British retailer Clinton
Cards, which was placed
in administration, with the
loss of 2,800 positions and
the closure of 350 stores.
Italy saw 8,869 jobs lost in
the quarter, as Monte dei
Paschi bank announced plans
to close 400 branches, with
the loss of 4,600 positions.
There were significant job
losses in Finland (6,423),
largely driven by Nokia’s
02eu member state labour trends
6 | employment restructuring report | european union edition Q3 2012
announcement that it
will shed 3,700 positions
as part of a global plan
to slash 10,000 jobs.
In Spain, a banking
merger between Banco
Sabadell and Banco CAM
will see 450 offices close
and 2,200 jobs cut.
The UK enjoyed the largest
instance of job creation in
the quarter, with retail chain
Sainsbury’s announcing the
creation of 6,000 new jobs
over the next 12 months.
There were also healthy job
gains at UK consumer co-op,
Co-operative Group, which
foreshadowed 3,000 new
jobs over a five-year period.
Also in the UK, Offshore
Groups Newcastle, will create
up to 1,000 jobs associated
with renewable energy.
In Portugal, telco hardware
company, Nokia Siemens
Networks will set up a new
business unit in Lisbon,
with 1,500 jobs created.
In Romania, the German
car parts maker Continental
Automotive Romania will
create 1,000 new positions
by the end of the year.
total reported european job losses by country (Q3 2011 to 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
7 | employment restructuring report | european union edition Q3 2012
tHere were significant
job losses in finland
(6,423), largely driven by
noKia’s announcement
tHat it will sHed 3,700
positions as part of a
global plan to slasH
10,000 jobs.
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
0
3000
6000
9000
12000
15000 Q2 2012
Q1 2012
Q4 2011
Q3 2011
SlovakiaNorwayCzech RepublicBulgariaAustriaSloveniaPortugalBelgiumDenmankNetherlandsIrelandSwedenRomaniaFranceSpainPolandFinlandItalyUnited KingdomGermany
0
3,000
6,000
9,000
12,000
15,000Q2 2012
Q1 2012
Q4 2011
Q3 2011
Slo
vaki
a
No
rway
Cze
ch R
epub
lic
Bul
gar
ia
Aus
tria
Slo
veni
a
Po
rtug
al
Bel
giu
m
Den
mar
k
Net
herl
and
s
Irel
and
Swed
en
Ro
man
ia
Fran
ce
Spai
n
Po
land
Finl
and
Ital
y
Uni
ted
Kin
gd
om
Ger
man
y
Q2 2010Q1 2010Q4 2009Q3 2009
Q2 2012Q1 2012Q4 2011Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
total reported european job gains by country (Q3 2011 to Q2 2012)
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
8 | employment restructuring report | european union edition Q3 2012
0
5000
10000
15000
20000
25000 Q2 2012
Q1 2012
Q4 2011
Q3 2011
ItalySlovakiaBulgariaLithuaniaHungarySwedenSpainCzech RepublicPortugalIrelandGermanyFranceRomaniaPolandUnited Kingdom
0
5,000
10,000
15,000
20,000
25,000Q2 2012
Q1 2012
Q4 2011
Q3 2011
Ital
y
Slo
vaki
a
Bul
gar
ia
Lith
uani
a
Hun
gar
y
Swed
en
Spai
n
Cze
ch R
epub
lic
Po
rtug
al
Irel
and
Ger
man
y
Fran
ce
Ro
man
ia
Po
land
Uni
ted
K
ing
do
m
Q2 2012Q1 2012Q4 2011Q3 2011
tHe uK enjoyed tHe
largest instance of
job creation in tHe
Quarter, witH retail
cHain sainsbury’s
announcing tHe
creation of 6,000
new jobs over tHe
next 12 montHs.
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 across Europe suffered
the biggest job losses, as well
as the biggest job gains.
A total of 27,143 jobs
disappeared from
manufacturing, at the
same time as 16,255 were
created, for a net loss of
almost 11,000 positions.
9 | employment restructuring report | european union edition Q3 2012
The contraction in
manufacturing reflects the
wider global picture, with
China’s manufacturing
output easing, and US
manufacturing at a standstill.
There were also substantial
job losses in the transport/
storage sector, with
almost 12,000 jobs cut.
Other sectors to face cuts
include financial/insurance,
with 10,063 losses, and
wholesale/retail, with almost
10,000 positions gone.
Aside from the manufacturing
sector, which also saw the
largest job creations, the other
sector to see improvement
was wholesale/retail, with
12,462 positions created.
total reported european job losses by sector (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 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 Q3 2012
tHe contraction in manufacturing reflects tHe wider global
picture, witH cHina’s manufacturing output easing, and
us manufacturing at a standstill.
0
5000
10000
15000
20000
25000
30000
Other servicesHotels/restaurantsProfessional servicesHealth /social workMiningEducationAdministrationPublic administration & defenceUtilitiesConstructionInformation/communicationRetailFinancial servicesTransport /storageManufacturing
0
5,000
10,000
15,000
20,000
25,000
30,000
Oth
er s
ervi
ces
Ho
tels
/res
taur
ants
Pro
fess
iona
l ser
vice
s
Hea
lth/
soci
al w
ork
Min
ing
Ed
ucat
ion
Ad
min
istr
atio
n
Pub
lic a
dm
inis
trat
ion
& d
efen
ce
Uti
litie
s
Co
nstr
ucti
on
Info
rmat
ion/
com
mun
icat
ion
Ret
ail
Fina
ncia
l ser
vice
s
Tran
spo
rt /
sto
rag
e
Man
ufac
turi
ng
27,143
11,97310,063 9,555
6,548
2,727 2,275 1,943 1,635 1,289 400 183 160 100 70
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 (Q2 2012)
Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
11 | employment restructuring report | european union edition Q3 2012
tHe otHer sector to
see improvement was
wHolesale/retail,
witH 12,462 positions
created.
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
UtilitiesArts/entertainmentReal estateHotels/restaurantsConstructionHealth/social workAdministrationFinancial servicesMiningTransport /storageProfessional servicesInformation/communicationRetailManufacturing
Uti
litie
s
Art
s/en
tert
ainm
ent
Rea
l est
ate
Ho
tels
/res
taur
ants
Co
nstr
ucti
on
Hea
lth/
soci
al w
ork
Ad
min
istr
atio
n
Fina
ncia
l ser
vice
s
Min
ing
Tran
spo
rt/s
tora
ge
Pro
fess
iona
l ser
vice
s
Info
rmat
ion/
com
mun
icat
ion
Ret
ail
Man
ufac
turi
ng
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
18,00016,255
12,462
5,029 4,5903,522
1,780 1,415 1,400751 600 550 500 350 335
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 reasons provided
by organisations for the job
losses and gains shows that
the largest share (60%) were
due to what is described as
“internal restructuring”. This
is down slightly from 69%
in the previous quarter.
Significantly, bankruptcy is up
from 13% to 17%, highlighting
how the prolonged
economic stress is taking its
toll on business viability.
Business closure, the third
major factor in job losses, is
also up from 9% to 11%.
Factors such as mergers/
acquisition and offshoring,
that typically prevail during
buoyant economic conditions,
have both declined in
the latest quarter.
total reported european job losses by type of restructuring Q2 2012
12 | employment restructuring report | european union edition Q3 2012
Bankruptcy
Internal restructure
Relocation
Offshoring/delocalisation
Merger/acquisition
Closure
60%
17%
11%
7%3% 2%
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
➔ The EU economy has
withstood five long years
of headwinds. Under more
normal cyclical conditions, we
should be in recovery phase,
or at least approaching it.
This is different. The structural
imbalances that heralded
the financial meltdown are
taking far longer to unravel.
The moves by the ECB to
cushion debt-laden economies
from horrific borrowing costs,
and the green light from
Germany for a bailout fund
provide some good news, and
possibly a circuit-breaker to
Europe’s lingering problems.
13 | employment restructuring report | european union edition Q3 2012
There is still a good deal
of detail to be hammered
out between the parties,
but the moves have eased
some of the fears that
accompanied the possibility
of a eurozone break-up and
cascading debt crisis.
There is unlikely to be any near-
term recovery, rather a period
of sluggish performance as
troubled economies focus on
getting their balance sheets in
order, while at the same time
applying stimulus to critical
parts of the economy.
Much will depend on the
pace of recovery in the big
three economies – Germany,
France and the UK. The
slowdown in each is in full
swing and it will probably be
well into 2013 before there
is an upswing in activity.
Labour markets are likely to
remain weak, and there is
more pain to be endured in
those parts of the EU – Italy,
Spain and Greece – where
the restructuring is going
to be most intense.
The position is complicated
by a weaker outlook for
China, where manufacturing
is slowing from its hectic
pace to a more manageable
tempo, and the US, where
the recovery is underway,
but in a haphazard fashion.
On the upside, the Federal
Reserve put the necessary
piece of the jigsaw in
place with its go-ahead for
quantitative easing and
provided a shot in the arm
for those who subscribe to
the merits of coordinated
global stimulus.
Certainly the joint responses
across the Atlantic boosted
investor confidence and
provided a glimmer
of hope that the worst
may have passed.
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 europeapr to june 2012
Porr Austria 74 Construction June
Nokia Siemens Networks Austria 95 Manufacturing June
Opel Austria 100 Manufacturing April
Tobaccoland Austria 135 Retail June
Austrian Airlines Austria 341 Transport/storage June
Österreichische Post Austria 600 Transport/storage April
Thales Alenia Space ETCA Belgium 88 Information/communication June
Balta Belgium 84 Manufacturing June
Caterpillar Belgium Belgium 200 Manufacturing June
Crompton Greaves Power Systems Belgium 260 Manufacturing June
Desso Belgium 91 Manufacturing June
Emgo Belgium 135 Manufacturing June
GDB International Belgium 129 Manufacturing April
Hélio Charleroi Belgium 111 Manufacturing April
Photovoltech Belgium 267 Manufacturing June
Renolit Belgium 136 Manufacturing June
Sabena Technics Belgium 118 Manufacturing May
Sony Europe Belgium Belgium 55 Manufacturing April
Procter & Gamble Distribution Company Belgium 150 Retail May
Electrabel Belgium 132 Utilities May
Solarpro Holding AD Bulgaria 156 Manufacturing June
Bulgarian army Bulgaria 900 Public administration and defence June
VZP Czech Republic 300 Financial services April
Ceský rozhlas Czech Republic 225 Information/communication April
Toyota Peugeot Citroën Automobile Czech Republic 345 Manufacturing June
ISS Facility Services Denmark 157 Administrative services May
CSC Danmark Denmark 350 Information/communication May
IBM Danmark Denmark 200 Information/communication May
Danish Crown Denmark 200 Manufacturing May
Grundfos Denmark 100 Manufacturing May
Bon’A Parte Denmark 100 Retail June
14 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
06 Cimber Sterling Denmark 600 Transport/storage May
Maersk Line Denmark 250 Transport/storage June
Tere Estonia 109 Manufacturing May
Accenture Finland 570 Information/communication May
Alma Aluemedia Finland 98 Information/communication April
TeliaSonera Finland 110 Information/communication April
Fiskars Finland 95 Manufacturing April
FNsteel Finland 450 Manufacturing June
Foxconn Finland 110 Manufacturing June
Nokia Finland 3700 Manufacturing June
Nokian Renkaat Finland 120 Manufacturing May
Oras Finland 75 Manufacturing May
Outokumpu Finland 150 Manufacturing April
UPM Finland 275 Manufacturing April
SOK Finland 90 Retail May
Veikon Kone Finland 100 Retail June
Air Finland Finland 200 Transport/storage June
Finnair Tekniikka Finland 280 Transport/storage April
Belmonte France 180 Administrative services April
Litwin France 140 Construction April
Fondation Hôtel-Dieu du Creusot France 183 Health/social work April
Champagne Ardenne Picardie France 270 Information/communication May
Groupe Cime France 116 Information/communication May
Hollmann France 109 Information/communication April
Oracle France France 144 Information/communication June
Caddie France 125 Manufacturing May
Iveco Magirus Camiva France 129 Manufacturing May
Jet Aviation France 270 Manufacturing May
JPM France 105 Manufacturing June
Lundbeck France 200 Manufacturing June
Merck Serono France France 267 Manufacturing May
Organisation Location Total (approx) Industry Month
job layoffs
15 | employment restructuring report | european union edition Q3 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
06 Paulstra France 170 Manufacturing June
Prevent Glass France 214 Manufacturing May
PSA Peugeot-Citroën France 300 Manufacturing June
Renault France 300 Manufacturing June
Sotira 49 France 214 Manufacturing April
Sovab France 313 Manufacturing April
Teva France 183 Manufacturing June
Conforama France 288 Retail May
Coop Alsace France 409 Retail April
eBizcuss France 200 Retail June
Surcouf France 200 Retail April
Eurodiff France 680 Utilities June
TÜV Nord Bildung Germany 300 Education June
Deutsche Telekom Germany 1300 Information/communication June
NextiraOne Germany 300 Information/communication May
Unitymedia Germany 232 Information/communication June
Wincor Nixdorf Germany 250 Information/communication April
CAE Elektronik Germany 68 Manufacturing May
Drescher Print Solutions Germany 280 Manufacturing May
EvoBus Germany 630 Manufacturing May
First Solar Germany 1300 Manufacturing April
Interlübke Germany 40 Manufacturing May
Merck Germany 200 Manufacturing May
Müller-Brot Germany 800 Manufacturing April
Nokia Germany 730 Manufacturing June
Nölke Germany 100 Manufacturing June
Odersun Germany 260 Manufacturing May
Schott Germany 220 Manufacturing June
Siemens Germany 490 Manufacturing May
SKF Germany 400 Manufacturing June
Solarworld Germany 250 Manufacturing June
job layoffs
16 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
ThyssenKrupp Presta Germany 340 Manufacturing May
Trierer Stahlwerk Germany 200 Manufacturing April
Vion Germany 290 Manufacturing June
Voith Germany 635 Manufacturing May
Winergy, Siemens Germany 150 Manufacturing April
Edeka Germany 200 Retail April
Leiser Germany 400 Retail May
Metro Germany 235 Retail April
Neckermann Germany 1380 Retail April
Versandhaus Walz Germany 200 Retail June
Lufthansa Germany 2500 Transport/storage May
Spedition Schüchen International Germany 750 Transport/storage May
Athens Imperial Greece 100 Hotel / restaurants May
MKB Bank Hungary 165 Financial services May
RR Donelley Hungary 120 Manufacturing May
National Irish Bank Ireland 100 Financial services June
Permanent TSB Ireland 100 Financial services April
RTE Ireland 200 Information/communication June
Telefonica Ireland 120 Information/communication April
Boston Scientific Ireland 150 Manufacturing April
Brooks Haughton Ireland 225 Retail April
Dublin Airport Authority (DAA) Ireland 150 Transport/storage May
Iarnrod Eireann Ireland 450 Transport/storage June
Electricity Supply Board (ESB) Ireland 700 Utilities April
Monte dei Paschi Italy 4600 Financial services June
AR Industrie Alimentari Italy 250 Manufacturing April
Belconn Gomma and Cavi Italy 110 Manufacturing June
CDC Italy 127 Manufacturing April
Evotape Italy 136 Manufacturing April
Indesit Italy 400 Manufacturing April
Nokia Siemens Italy 580 Manufacturing May
job layoffs
17 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
Pramac Italy 230 Manufacturing June
Richard Ginori Italy 332 Manufacturing April
Riello Italy 178 Manufacturing June
Safilo Italy 1000 Manufacturing May
Ciccolella Italy 242 Retail May
Plenty Market Italy 180 Retail May
Wind Jet Italy 504 Transport/storage April
RBS Netherlands Netherlands 500 Financial services May
De Persgroep Netherlands 107 Information/communication June
Radio Nederland Wereldomroep Netherlands 270 Information/communication April
MBC Netherlands 100 Manufacturing June
MCFE Netherlands 400 Manufacturing April
Rotterdam Netherlands 450 Public administration and defence April
Neckermann Netherlands 150 Retail June
Hapro Hadeland Norway 150 Manufacturing June
Peterson Paper Norway 260 Manufacturing April
Renewable Energy Corporations (REC) Norway 200 Utilities April
Local Government in Białystok Poland 230 Education May
Radom Local Government Poland 113 Education June
Szczecin Local Government Poland 100 Education June
Włocławek Local Government Poland 120 Education June
Bank Przemysłowo-Handlowy (BPH) Poland 600 Financial services April
BNP Paribas Poland 410 Financial services May
Nordea Bank Polska Poland 400 Financial services April
Netia Poland 519 Information/communication April
Huta Batory Poland 124 Manufacturing April
MAN Truck & Bus Poland Poland 240 Manufacturing June
PMB Poland 250 Manufacturing June
Scania Poland 142 Manufacturing June
Kieleckie Kopalnie Surowców Mineralnych Poland 400 Mining / quarrying May
job layoffs
18 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
Tesco Poland 980 Retail May
Przewozy Regionalne Poland 1800 Transport/storage June
RH+ Portugal 400 Administrative services June
New Opportunities Centres Portugal 250 Education May
Cabovisão Portugal 100 Information/communication May
Delphi Portugal 300 Manufacturing June
Bata Portugal 146 Retail June
Makro Portugal 328 Retail April
Mechel Campia Turzii Romania 800 Manufacturing June
Compania Nationala Posta Romana Romania 1029 Transport/storage May
Termoelectrica Romania 500 Utilities June
SES Slovakia 311 Manufacturing May
Kraški zidar Slovenia 113 Construction April
Primorje Slovenia 651 Construction June
Almont Slovenia 104 Manufacturing June
Radeče Papir Slovenia 370 Manufacturing April
Lid Slovenia 160 Professional services June
Comsa SAU Spain 298 Construction June
Eiffage Infraestructuras Spain 191 Construction April
Los Serranos Spain 130 Construction April
Town Council of Estepona Spain 176 Education June
Banco Sabadell Spain 2200 Financial services May
Celsa Atlantic Spain 352 Manufacturing May
Dhul Spain 82 Manufacturing June
Formica Spain 240 Manufacturing June
Merck Spain 200 Manufacturing May
Panrico Spain 318 Manufacturing May
Unilever Spain 166 Manufacturing June
Vitro Cristalglass Spain 429 Manufacturing June
City Council of Jerez Spain 390 Public administration and defence April
job layoffs
19 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
job layoffs
20 | employment restructuring report | european union edition Q3 2012
Organisation Location Total (approx) Industry Month
Incasol Spain 203 Public administration and defence May
Arance Spain 198 Retail April
Super Olé Spain 101 Retail April
Point.p Spain 144 Transport/storage May
MARE Spain 63 Utilities April
Telenor Sweden 230 Information/communication May
Asko Sweden 430 Manufacturing June
AstraZeneca Sweden 400 Manufacturing May
BAE Systems Hägglund Sweden 180 Manufacturing April
Ericsson Sweden 95 Manufacturing May
ESAB Sweden 170 Manufacturing May
Getinge Sterilization Sweden 70 Manufacturing June
Göteborgs Kex Kungälv Sweden 70 Manufacturing April
Lithells Sweden 30 Manufacturing May
Svenskt Stål aktiebolag SSAB Sweden 85 Manufacturing April
Red Cross Sweden Sweden 70 Other services April
Skyways Sweden 300 Transport/storage May
Veolia Sweden 105 Transport/storage June
British Gas United Kingdom 550 Administrative services April
Groundwork South West United Kingdom 150 Administrative services May
Talk Talk United Kingdom 218 Administrative services April
Balfour Beatty United Kingdom 650 Construction May
UBC Group United Kingdom 240 Construction May
Uist Builders United Kingdom 240 Construction
AIB United Kingdom 170 Financial services April
Royal Bank of Scotland (RBS) United Kingdom 618 Financial services June
Computer Sciences Corporation United Kingdom 640 Information/communication April
Aquascutum United Kingdom 115 Manufacturing April
Bakery Products United Kingdom 100 Manufacturing June
Birkby’s Plastics United Kingdom 370 Manufacturing April
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
Coryton Oil Refinery United Kingdom 180 Manufacturing June
Cromer crab Company United Kingdom 109 Manufacturing May
RF Brookes United Kingdom 350 Manufacturing May
Woodhead Bakery United Kingdom 100 Manufacturing June
Clinton Cards United Kingdom 408 Retail May
Mothercare United Kingdom 730 Retail April
Peacocks United Kingdom 147 Retail April
BMI United Kingdom 1200 Transport/storage April
British Airways United Kingdom 600 Transport/storage April
job layoffs
21 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
07major job creations announced in europemar to june 2012
Abercrombie and Fitch Ireland 200 Retail June
Acando Sweden 200 Information/communication May
Aero Vodochody Czech Republic 100 Manufacturing April
Aerolia France 200 Manufacturing May
Airbus France 450 Manufacturing June
Aker Solutions United Kingdom 500 Mining/quarrying May
ALC Automobile Leather Company Bulgaria 500 Manufacturing June
Amadeus France 400 Information/communication June
Amazon Ireland 100 Information/communication May
Amazon France 400 Transport/storage June
Apave France 650 Professional services April
Apple Ireland 500 Information/communication April
Armatis France 100 Administrative services May
Arobs Transilvania Software Romania 109 Information/communication May
arvato Hightech EMEA Germany 200 Transport/storage May
Atos Origin Polska Poland 100 Information/communication June
Attenda United Kingdom 150 Information/communication June
Auchan Romania Romania 300 Retail May
Audi Ireland 260 Retail April
Audi Germany 800 Manufacturing April
Augentius United Kingdom 164 Financial services May
AXA Romania Romania 300 Financial services June
Axon’ Cable Latvia 120 Manufacturing April
Barrhead Travel United Kingdom 100 Administrative services April
Bentley Motors United Kingdom 500 Manufacturing April
Betsson Malta 350 Arts/entertainment May
BioMarin Ireland 100 Manufacturing June
Biovet AD Bulgaria 220 Manufacturing June
BLG Logistics Germany 450 Transport/storage May
Bombardier Transportation (ZWUS) Poland 50 Manufacturing April
BT United Kingdom 300 Administrative services April
22 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
07 Call Expert France 200 Administrative services April
Calsonic Kansei United Kingdom 145 Manufacturing April
Castorama Poland 100 Retail May
CCA International France 150 Administrative services April
CHU de Limoges France 101 Health/social work April
Cisco Ireland 115 Professional services April
Citi Poland 150 Information/communication April
CME Group United Kingdom 100 Information/communication June
Codemasters United Kingdom 100 Manufacturing April
Conforama France 70 Retail May
Continental Germany 100 Professional services May
Continental Automotive Romania 1,000 Manufacturing April
Continental Automotive Systems Slovakia Slovakia 200 Manufacturing June
Co-operative Group United Kingdom 3,000 Professional services May
Daimler Germany 200 Manufacturing April
Dannemora Sweden 120 Mining/quarrying April
DCNS France 700 Manufacturing April
Dealz Ireland 300 Retail April
Dedeman Romania 172 Retail April
Delphi Slovensko Slovakia 100 Manufacturing April
Diane Industries France 130 Manufacturing April
Distrimag France 118 Transport/storage June
Domestic and General United Kingdom 250 Administrative services June
DS Smith United Kingdom 100 Manufacturing June
E.ON Romania Romania 600 Professional services May
EDP Group Portugal 335 Utilities June
El Corte Inglés Spain 800 Retail May
Ericpol Telecom Poland 100 Information/communication May
Ethical Coffe Compagny (ECC) France 200 Manufacturing May
Family Sphère France 150 Health/ social work June
Fortech Cluj-Napoca Romania 100 Information/communication May
job creations
23 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
07 Fujitsu Technology Solutions Poland 160 Information/communication April
Gebauer & Griller Kabeltechnik Czech Republic 250 Manufacturing May
Groupe Hardis France 140 Information/communication May
Henniges Hranice Czech Republic 150 Manufacturing May
Hica Group United Kingdom 200 Health/social work May
Hitachi Czech Republic 300 Manufacturing May
Home Broker Poland 500 Real estate April
Hornbach Sweden 170 Retail May
Hornbach Romania Romania 120 Retail June
Hotter United Kingdom 200 Retail May
Huawei Romania Romania 200 Information/communication June
IAC Sweden 200 Manufacturing April
IBM Ireland 200 Information/communication May
Inditex Romania Romania 400 Retail June
Infineon Technologies Austria 100 Manufacturing June
International Data Group Ireland 125 Professional services May
Iveco Spain 600 Manufacturing June
Jabil Circuit Magyarország Hungary 400 Manufacturing June
Jaguar Land Rover United Kingdom 300 Manufacturing May
JCB United Kingdom 350 Manufacturing May
Jeronimo Martins Poland 250 Transport/storage June
Jet2.com United Kingdom 100 Transport/storage May
Kalvis Lithuania 30 Manufacturing June
Kärcher Germany 300 Manufacturing April
Kirchhoff Automotive Romania 180 Manufacturing April
Kolektor Etra Slovenia 70 Manufacturing June
Legallais France 150 Transport/storage April
Leo Express Czech Republic 100 Transport/storage April
Liebherr-MCCtec Germany 200 Manufacturing April
Magna Automotive Hungary Hungary 100 Manufacturing May
Manuex Italy 144 Manufacturing April
job creations
24 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
07 Maxima LT Lithuania 400 Retail May
Merit Medical Systems Ireland 200 Manufacturing May
Metro Germany 150 Retail April
Mitsubishi United Kingdom 100 Manufacturing April
Modine Hungary Hungary 140 Manufacturing April
Morpol France 100 Manufacturing April
Morrisons United Kingdom 90 Manufacturing May
Nokia Siemens Networks Portugal 1,500 Manufacturing April
Nouvéo France 300 Health/social work June
Offshore Group Newcastle (OGN) United Kingdom 1,000 Manufacturing April
ON Semiconductor Czech Republic 100 Manufacturing May
Orifarm Czech Republic 400 Retail April
OVH France 500 Information/communication June
Peab Sweden 320 Transport/storage April
Pentalog Romania 150 Information/communication June
PKP Cargo Poland 1,000 Transport/storage April
Plexus Romania Romania 250 Manufacturing April
Pompes Grundfos France 150 Manufacturing June
Porsche Germany 1,000 Manufacturing April
Pret a Manger United Kingdom 550 Hotel/restaurants April
Przedsičbiorstwo Górnicze Silesia Poland 600 Mining/quarrying May
Romstrade Romania 600 Construction June
Royal Bank of Scotland (RBS) United Kingdom 351 Financial services June
Ryterna Lithuania 100 Manufacturing June
Sainsbury’s United Kingdom 6,000 Retail May
Salesforce Ireland 100 Information/communication June
SAP Ireland 250 Information/communication May
SBMG United Kingdom 200 Administrative services May
Schlumberger Romania Romania 170 Mining/quarrying April
Selgros Poland 350 Retail June
Seli Italy 400 Manufacturing May
job creations
25 | employment restructuring report | european union edition Q3 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 job layoffs announced in europe
07 major job creations announced in europe
about tHis report
07 Selver Estonia 200 Retail May
Serma Technologies France 100 Information/communication April
Sertec United Kingdom 100 Manufacturing April
Seznam.cz Czech Republic 100 Information/communication April
Siemens Czech Republic 200 Manufacturing May
SMT Software Poland 150 Information/communication May
SoftVision Romania 150 Information/communication May
Soitron Slovakia 150 Information/communication June
Solucom France 200 Information/communication June
Sony DADC Czech Republic 100 Transport/storage April
Sortilemn Gherla Romania 200 Manufacturing May
State Street Corporation Poland 600 Financial services May
Steria France 120 Information/communication June
Surjány-Hús Hungary 150 Manufacturing June
Tesco Poland 170 Retail June
Tesco Magyarország Hungary 200 Retail May
Toms Poland 100 Administrative services April
Total Defense Ireland 100 Information/communication May
T-Systems Slovakia Slovakia 250 Information/communication May
United Oilfield Services Poland 390 Mining/quarrying April
Veolia Sweden 34 Transport/storage June
Vilma Lithuania 50 Manufacturing May
Vilnius Veza Lithuania 200 Transport/storage April
Vitkovice-Milmet Poland 100 Manufacturing April
Walkers United Kingdom 110 Manufacturing April
Walter Tosto Romania Romania 160 Manufacturing June
Warsaw Chopin Airport Poland 100 Transport/storage June
Weber Motor Germany 275 Manufacturing May
Xtratherm Belgium 100 Manufacturing April
Young’s Bluecrest Seafood United Kingdom 321 Manufacturing May
job creations
26 | employment restructuring report | european union edition Q3 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 the european union.
COunTRIes COveRed In 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
All trademarks are property of their respective owners. © 2011 Kelly services, Inc.
kellyservices.com
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