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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.
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EMPLOYMENT RESTRUCTURING REPORT 2013 EUROPEAN UNION EDITION 1
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Page 1: E.U. Employment Restructuring Report Q1 2013

employment restructuringreport

2013

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

1

Page 2: E.U. Employment Restructuring Report Q1 2013

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.

Page 3: E.U. Employment Restructuring Report Q1 2013

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.

Page 4: E.U. Employment Restructuring Report 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

➔ 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.

Page 5: E.U. Employment Restructuring Report Q1 2013

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.

Page 6: E.U. Employment Restructuring Report 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

➔ 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

Page 7: E.U. Employment Restructuring Report Q1 2013

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.

Page 8: E.U. Employment Restructuring Report 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

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

Page 9: E.U. Employment Restructuring Report Q1 2013

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.

Page 10: E.U. Employment Restructuring Report Q1 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.

Page 11: E.U. Employment Restructuring Report 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

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

Page 12: E.U. Employment Restructuring Report Q1 2013

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

Page 13: E.U. Employment Restructuring Report Q1 2013

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.

Page 14: E.U. Employment Restructuring Report 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

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

Page 15: E.U. Employment Restructuring Report 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 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

Page 16: E.U. Employment Restructuring Report 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

Page 17: E.U. Employment Restructuring Report Q1 2013

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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

Page 18: E.U. Employment Restructuring Report Q1 2013

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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

Page 19: E.U. Employment Restructuring Report Q1 2013

06

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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

Page 20: E.U. Employment Restructuring Report Q1 2013

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

Page 21: E.U. Employment Restructuring Report Q1 2013

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

Page 22: E.U. Employment Restructuring Report Q1 2013

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

Page 23: E.U. Employment Restructuring Report 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

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

Page 24: E.U. Employment Restructuring Report 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

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

Page 25: E.U. Employment Restructuring Report 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

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

Page 26: E.U. Employment Restructuring Report Q1 2013

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

with us on Facebook, LinkedIn, and Twitter. download The Talent project, a free ipad app by Kelly services.

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

All trademarks are property of their respective owners. © 2013 Kelly services, Inc.

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