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EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
EU Employment Restructuring Report Q4 2012
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EU Employment Restructuring Report Q4 2012

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  • 1. employment restructuring report 2012 e u r o p e a n u n i o n e d i t i o n 4
  • 2. 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 Q4 2012 Summary p/3 01 EU 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 05 European labour market outlook p/13 06 Major job layoffs announced in Europe p/14 07 Major job creations announced in Europe p/22 About this report p/25 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 layoffs and job creation statistics.
  • 3. 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 ➔ Job losses jumped in the third quarter of 2012 as the painful debt restructuring saga dragged on, and as the EU economy moved closer to recession. Dismal economic growth figures show that the likelihood of a return to recession seems almost inevitable, with modest economic recovery not likely until at least mid-2013. there remains tremendous uncertainty over the capacity to absorb the deep structural remedies necessary to restore long term fiscal balance. 3 | Employment RestructurinG report | European union edition Q4 2012 Notwithstanding some positive measures to allay the immediate debt and banking crisis afflicting the EU, there remains tremendous uncertainty over the capacity to absorb the deep structural remedies necessary to restore long term fiscal balance. The depth and duration of the required economic adjustment, not to mention the social consequences, are only beginning to be fully realized, in terms of longer term European unity and global growth. Official OECD estimates have downgraded both EU economic activity and growth among the developed economies, largely as a consequence of the EU stagnation. GDP growth in the third quarter in the EU was a meagre 0.1% and year-over- year recorded a fall of 0.4%. Throughout the year, the UK declined -0.1%, France edged 0.1% higher and Germany grew by 0.9%. While more positive signs emerge from the US, and with China’s own mini-slump looking to have bottomed, the EU’s problems remain a serious threat to the world economy. Within the EU, the number of job losses as a result of business restructuring activity jumped in the third quarter to more than 100,000, while the number of job creations fell to a just 30,000. Equally worrying is that the economic weakness that was once confined to peripheral economies is beginning to impact core economies. Across the EU, the impact of austerity measures is producing stark differences in economic performance and employment. Rising unemployment rates and, in particular, youth unemployment rates in Greece and Spain of above 50% are calling into question the merit of spending cutbacks and the capacity to sustain austerity over the long haul.
  • 4. 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 Monitoring Centre on Change (EMCC) reports that the labour market weakened in the third quarter of 2012, as job losses climbed and job creations fell. There were a total of 274 cases of business restructuring affecting employment, with 01eu labour market trends 4 | Employment RestructurinG report | European union edition Q4 2012 197 resulting in redundancies and 77 involving job creation. In all, there were a total of 105,076 announced job losses in the third quarter, approximately 32,000 higher than in the previous quarter, and some 48,000 higher than a year earlier. The number of job creations in the third quarter totaled 30,520, approximately 17,000 fewer than in the previous quarter, and 3,000 fewer than a year ago. The gap between job losses and creations was at its highest in two years. The unemployment rate in the EU has continued to rise, sitting at 10.6% at the end of the third quarter, compared with 9.8% a year earlier. Eurostat estimates that there are 25.7 million people unemployed in the EU, approximately 2.1 million higher than at the same time in the previous year. Also, the disparities in unemployment are at historic levels, as the varying impacts of austerity measures take effect. At the low end, unemployment ranges from 4.6% in Austria and 5.5% in Luxembourg, Netherlands and Germany, up to 25% in Spain and Greece.
  • 5. total reported european job losses and gains resulting from restructuring (Q1 2006 to 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 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change 5 | Employment RestructurinG report | European union edition Q4 2012 0 50000 2012/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/Q22006/Q1 C L C L 0 50,000 100,000 150,000 200,000 250,000 C L 2011/Q4 2012/Q1 2012/Q2 2012/Q3 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 Loss Creation disparities in unemployment are at historic levels, as the varying impacts of austerity measures take effect. Unemployment ranges from 4.6% in Austria… to around 25% in spain and greece.
  • 6. 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 ➔ Cuts to government spending saw Italy record the largest number of job losses in the quarter – a total of 31,340 positions lost, largely as a result of the 24,000 jobs axed from the public sector. In Germany, there were 16,297 jobs lost, including 2,400 at energy provider RWE, 2,000 at retail chain Karstadt, and 2,000 as a result of the bankruptcy of shipbuilder P&S Werften. 02eu member state labour trends 6 | Employment RestructurinG report | European union edition Q4 2012 new positions, largely assisted by 2,000 new jobs at Amazon. In Romania, there were 5,700 job creations, with Sumitomo Electric Wiring Systems establishing a new production facility and 1,500 new positions. France saw a total of 4,700 jobs created, boosted by the French Ministry of Labour announcing 2,000 new positions for one of its public employment service providers. Also in France, IT firm Ausy announced the creation of 1,200 positions. The single largest case of job creation in the quarter was from German cruise line Aida, which will create 3,000 jobs by 2016. In France, a total of 12,884 jobs were lost, with a major factor being 8,000 job cuts at car maker PSA Peugeot-Citroën. Poland also suffered significant weakness in its labour market, with 8,420 jobs being lost in the quarter. The country with the largest case of job creation was the United Kingdom, with 7,200
  • 7. total reported european job losses by country (Q4 2011 to 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 7 | Employment RestructurinG report | European union edition Q4 2012 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Q Q Q Q Austria Bulgaria Slovakia Belgium Slovenia CzechRepublic Ireland Denmark Portugal Romania Greece Finland Spain Hungary Sweden Netherlands UnitedKingdom Poland France Germany Italy 0 5000 AustriaBulgariaSlovakiaBelgiumSloveniaCzech RepublicIrelandDenmankPortugalRomaniaGreeceFinlandSpainHungarySwedenNetherlandsUnited KingdomPolandFranceGermanyItaly Q Q3 2012Q2 2012Q1 2012Q4 2011 In Germany, there were 16,297 jobs lost, including 2,400 at energy provider RWE, 2,000 at retail chain Karstadt, and 2,000 as a result of the bankruptcy of shipbuilder P&S Werften.
  • 8. 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 (Q4 2011 to Q3 2012) Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change 8 | Employment RestructurinG report | European union edition Q4 2012 The country with the largest case of job creation was the United Kingdom, with 7,200 new positions, largely assisted by 2,000 new jobs at Amazon. 0 5000 Czech RepublicLithuaniaAustriaSlovakiaItalyMaltaSpainHungaryIrelandPortugalGermanyPolandFranceRomaniaUnited Kingdom 0 5,000 10,000 15,000 20,000 25,000 Q Q Q Q Czech Republic Lithuania Austria Slovakia Italy Malta Spain Hungary Ireland Portugal Germany Poland France Romania UnitedKingdom Q3 2012Q2 2012Q1 2012Q4 2011
  • 9. 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 ➔ Two sectors – manufacturing and public administration – accounted for just over half of all job losses in the third quarter of 2012. The slowdown in economic activity across the EU was reflected in the loss of 32,501 jobs in the manufacturing sector during the quarter. This takes total job losses in the manufacturing sector to almost 96,000 in the first three quarters of the year. 9 | Employment RestructurinG report | European union edition Q4 2012 Cutbacks to government budgets saw just over 25,000 jobs disappear in public administration. The financial services industry also felt the erosion of consumer demand and reduced disposable income, with more than 16,000 jobs vanishing. Continued tough conditions in the retail sector and weak consumer spending resulted in almost 8,500 jobs lost, while the IT sector saw 6,251 positions disappear. When it comes to employment gains, the manufacturing sector recorded the highest number with 8,350 positions created, followed by transport & storage (7,240), retail (3,554), and information/ communication (2,380).
  • 10. total reported european job losses by sector (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 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change 10 | Employment RestructurinG report | European union edition Q4 2012 0 5000 Arts/EntertainmentHotels/restaurantsProfessional servicesMiningAgricultureHealth /social workEducationAdministrationUtilitiesTransport /storageConstructionInformation/communicationRetailFinancial servicesPublic administration & defenceManufacturing 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 40,000 Arts/entertainment Hotels/restaurants Professionalservices Mining Agriculture Health/socialwork Education Administration Utilities Transport/storage Construction Information/ communication Retail Financialservices Publicadministration anddefence Manufacturing 32,501 25,500 16,076 8,446 6,251 6,040 5,067 3,000 2,628 1,658 1,331 986 700 575 557 200 Continued tough conditions in the retail sector and weak consumer spending resulted in almost 8,500 jobs lost
  • 11. 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 (Q3 2012) Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change 11 | Employment RestructurinG report | European union edition Q4 2012 When it comes to employment gains, the manufacturing sector recorded the highest number with 8,350 positions created, followed by transport & storage (7,240). 0 2000 Arts/entertainmentConstructionMiningEducatiomHotels/restaurantsHealth/social workFinancial servicesProfessional servicesPublic administration and defenceAdministrationInformation/communicationRetailTransport /storageManufacturing 0 2,000 4,000 6,000 8,000 10,000 Arts/entertainment Construction Mining Education Hotels/restaurants Health/socialwork Financialservices Professionalservices Publicadministration anddefence Administration Information/ communication Retail Transport/storage Manufacturing 8,350 7,240 3,554 2,380 2,221 2,000 1,930 1,270 710 655 260 200 150 100
  • 12. 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 vast majority of positions that are being lost are still attributable to voluntary internal restructuring, as enterprises seek to manage their way out of the economic quagmire. A total of 77% of the job losses identified in the quarter were put down to internal restructuring. However, 15% of the losses are the result of both bankruptcies and closure, as businesses succumb to the prolonged economic weakness. This is still within the trend of recent quarters, suggesting that while many businesses are doing it tough, they are managing to trade through their difficulties. What will be of interest is how long the latest wave of austerity cuts can continue to be absorbed by firms that are struggling to balance weak activity while maintaining headcount. total reported european job losses by type of restructuring Q3 2012 12 | Employment RestructurinG report | European union edition Q4 2012 Bankruptcy Internal restructure Offshoring/delocalisation Closure Merger/acquisition 77% 9% 6% 6% 2% Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
  • 13. 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 ➔ Europe’s economy is in for further difficult days, with all the forecasts pointing to ongoing weak activity and nervousness surrounding official efforts to rein in government debt and curtail spending. In a pattern that is becoming familiar, the immediate crisis facing Greece has been averted, with an agreement to reduce the country’s debt by 40 billion and soften its medium term debt-to-GDP targets. So another crisis is averted, which, depending on your view, either avoids catastrophe or forestalls the inevitable. There are many uncertainties and too few positives hovering over the EU to 13 | Employment RestructurinG report | European union edition Q4 2012 have anything other than a downbeat outlook. Glimmers of optimism, such as a more positive tone in the UK economy, are overshadowed by the weak consumer and business confidence elsewhere. The European Economic Sentiment Indicator has reached a new low, while the eurozone Purchasing Managers’ Index has worsened. The labour market, as a lagging indicator, will continue to feel the pain from weak business sentiment, low levels of investment, and worried consumers. Even if, as the OECD and IMF suggest, the EU economy begins to respond by mid-2013, it will be well into 2013 before the labour market starts to show signs of life. On the positive side, there are more hopeful signs emerging from the US economy, where business activity and the housing market are seeing definite signs of recovery. Even the political stage show surrounding the so-called fiscal cliff seems likely to avoid an economic meltdown. In China, the key indicator of factory output has registered its first uptick in the last year, suggesting that the contraction there may be nearing an end. The OECD makes a very clear point about the EU outlook – some decisive action has already been taken but much more will be needed to stem deep-rooted imbalances in a number of countries. The question remains whether the most troubled economies have the political or social will to manage a monumental turnaround in productive capability and lifestyle. Equally, will the central bankers and the better-performing economies be able to endure this prolonged re-balancing? For the moment, there is little to cheer. The best that can be expected is that the EU will lurch from one economic or banking hurdle to the next, and that global recovery will help to push it toward a more stable recovery some time in 2013.
  • 14. 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 europe JUL to SEPT 2012 Holzindustrie Lenzing Austria 104 Manufacturing August Stefanini Belgium 182 Administrative services August Thomas Cook Belgium Belgium 100 Administrative services September BNP Paribas Fortis Belgium 270 Financial services September Van Gansewinkel Belgium 100 Utilities September Bulgarian Customs Agency Bulgaria 150 Public administration and defence July LAIKI BANK Cyprus 185 Financial services July Megatech Industries Czech Republic 100 Manufacturing July Paramo Czech Republic 60 Manufacturing July Schott Solar Czech Republic 500 Manufacturing July MOVO Plzeň Czech Republic 197 Manufacturing September Dalum Papir Denmark 223 Manufacturing September Vestas Denmark 650 Manufacturing September Coop Danmark Denmark 200 Retail August Turvatiimi Oyj Finland 150 Administrative services August OP-Pohjola Finland 915 Financial services September Anvia Finland 70 Information/communication August Logica Finland 250 Information/communication September MTV Media Finland 80 Information/communication September Sanoma Finland 140 Information/communication September Kemira Finland 250 Manufacturing August Metso Finland 630 Manufacturing September Nokia Siemens Networks Finland 400 Manufacturing September Rautaruukki Finland 230 Manufacturing September Saarioinen Finland 225 Manufacturing September Kesko Finland 370 Retail September VR Finland 98 Transportation/storage August Neo security France 1,426 Administrative services August FRAM France 70 Administrative services July Doux Frais France 883 Agriculture September Groupama France 171 Financial services July 14 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 15. 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 Crédit Agricole Cheuvreux France 290 Financial services September Dexia France 312 Financial services September Claf France 350 Health/social work September Groupe Acti France 250 Information/communication July Bouygues Telecom France 556 Information/communication September France Télévision France 500 Information/communication September Groupama supports et services France 180 Information/communication September Laboratoires Expanscience France 119 Manufacturing August Lohr Industrie France 168 Manufacturing August Ascométal France 307 Manufacturing July Panotel France 113 Manufacturing July Pilpa France 120 Manufacturing July Plysorol International France 277 Manufacturing July PSA Peugeot Citroën France 8,000 Manufacturing July Trevest France 85 Manufacturing July Cinram Optical Disc France 106 Manufacturing September Sanofi France 900 Manufacturing September Souche Papers France 117 Manufacturing September Carrefour France 533 Retail August La Poste France 1,000 Transportation/storage September Novatrans France 147 Transportation/storage September Presstalis France 1,000 Transportation/storage September Ergo Germany 1,350 Financial services July VHV Germany 120 Financial services September University hospitals Marburg & Giessen Germany 240 Health/social work July Hewlett-Packard Germany 450 Information/communication September Gigaset Germany 279 Manufacturing August P&S Werften Germany 2,000 Manufacturing August Siemens Germany 500 Manufacturing August Sovello Germany 1,000 Manufacturing August Stollwerck Germany 95 Manufacturing August Organisation Location Total (approx) Industry Month job layoffs 15 | Employment RestructurinG report | European union edition Q4 2012
  • 16. 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 Iveco Germany 890 Manufacturing July MEKRA Lang Germany 120 Manufacturing July Opel Germany 500 Manufacturing July Pierburg Germany 100 Manufacturing July Schüco Germany 275 Manufacturing July Atmel Germany 68 Manufacturing September Dailycer Germany 180 Manufacturing September Elopak Germany 100 Manufacturing September Manroland Germany 110 Manufacturing September Merck Germany 1,100 Manufacturing September Optifit Germany 150 Manufacturing September Prysmian Germany 160 Manufacturing September Q-Cells Germany 199 Manufacturing September Roche Germany 60 Professional services July Klöckner&Co Germany 200 Retail August Schlecker Home Shopping Germany 100 Retail August Goertz Germany 100 Retail July Karstadt Germany 2,000 Retail July Metro Germany 480 Retail July Neckermann Germany 650 Retail September ProMarkt Germany 290 Retail September RWE Germany 2,400 Utilities August Porto Carras Greece 80 Hotel/restaurants September Hellenic Telecommunications Greece 1,500 Information/communication July Hellenic Telecommunications Greece 1000 Information/communication September Alapis Greece 438 Manufacturing August Egészségügyi Holding Hungary 541 Health/social work August ISD Dunaferr Hungary 800 Manufacturing August Car-INside Hungary 300 Manufacturing July Sanyo Hungary 400 Manufacturing July Flextronics International Hungary 2,200 Manufacturing September job layoffs 16 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 17. 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 MOL Hungary 700 Mining/quarrying September Defence Forces Ireland 500 Public administration and defence July Target Express Ireland 398 Transportation/storage August Lavoranti Muratori Italy 150 Construction September Selciatori e Posatori Italy 120 Construction September Banca popolare di Milano Italy 700 Financial services July Creval Italy 150 Financial services July Ubi Banca Italy 1,500 Financial services July Veneto Banca Italy 246 Financial services July Hypo Alpe Adria Italy 118 Financial services September Intesa Sanpaolo Italy 1,000 Financial services September NH Hotels Italy 382 Hotel/restaurants July McDonald’s Italy 95 Hotel/restaurants September Annovati Italy 127 Manufacturing July Corden Pharma Italy 179 Manufacturing July Ericsson Italy 374 Manufacturing July Honda Italia Italy 303 Manufacturing July Beltrame Italy 117 Manufacturing September Nycomed-Takeda Italy 294 Manufacturing September Italian public administration Italy 24,000 Public administration and defence July CSTP Italy 603 Transportation/storage July Poste Italiane Italy 1,000 Transportation/storage July airBaltic Latvia 159 Transportation/storage September Snoras Lithuania 142 Financial services August AB Oost Netherlands 300 Administrative services July PrimeChamp Netherlands 103 Agriculture September VolkerWessels Netherlands 300 Construction August Groothuis Woningbouw Netherlands 100 Construction July Zadkine Netherlands 400 Education July Graydon Nederland Netherlands 74 Financial services July job layoffs 17 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 18. 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 Rabobank Netherlands 3,000 Financial services July Capgemini Netherlands 340 Information/communication August Exact Netherlands 150 Information/communication July Hewlett-Packard Netherlands 326 Information/communication July DTG Netherlands 250 Information/communication September IBM Netherlands 240 Information/communication September Tata Steel Netherlands 125 Manufacturing August Ericsson Netherlands 88 Manufacturing September Vestia Netherlands 200 Public administration and defence September Jumbo Netherlands 500 Retail August Mediq Netherlands 134 Retail September Selexyz Netherlands 100 Retail September Odfjell Netherlands 120 Transportation/storage September Van Gansewinkel Netherlands 300 Utilities September Budimex Poland 1,500 Construction July Strabag Poland 1,700 Construction July Hydrobudowa Poland 1,137 Construction September Kraków Local Government Poland 850 Education July Toruń Local Government Poland 108 Education July Wrocław Local Government Poland 300 Education July DnB Nord Poland 650 Financial services August PZU Poland 376 Financial services July Amber Gold Poland 263 Financial services September Bank Gospodarki Żywnościowej Poland 380 Financial services September Żagiel Poland 550 Financial services September Agora Poland 250 Information/communication August Emitel Poland 135 Information/communication August Presspublica Poland 100 Information/communication August Centrum Badawczo-Produkcyjno- Usługowe CECOMM Poland 108 Information/communication September MAMUT Poland 190 Manufacturing August job layoffs 18 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 19. 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 Tabor Szynowy Opole Poland 279 Manufacturing August Transsystem Poland 1,000 Manufacturing August Fabryka Form Metalowych FORMET Poland 119 Manufacturing September Rast Poland 750 Retail August Miejski Zakład Usług Komunalnych Poland 180 Transportation/storage August Przewozy Regionalne Białystok Poland 62 Transportation/storage September Banif Portugal 300 Financial services July BPI Portugal 120 Financial services July BPN – Banco Português de Negócios Portugal 650 Financial services July Finex Portugal 110 Manufacturing August Royal Bank of Scotland Romania 350 Financial services August Volksbank Romania Romania 170 Financial services August Eureko Romania 200 Financial services July Societatea Romana de Televiziune Romania 980 Information/communication August Mechel Campia Turzii Romania 438 Manufacturing August Electrocentrale Deva Romania 200 Utilities September Cestné stavby Slovakia 230 Construction August Ixonos Slovakia 122 Information/communication July Elektroconnect Slovakia 60 Manufacturing August Slotex Fashion Slovakia 180 Manufacturing September Kraški zidar Slovenia 310 Construction August Garant Slovenia 117 Manufacturing August Kovinoplastika Lož Slovenia 150 Manufacturing August Lesna TIP Slovenia 118 Manufacturing July Acciona Infraestructura Spain 200 Construction August Corsan-Corviam Spain 163 Construction September Sabadell Spain 1,773 Financial services August Banco de Valencia Spain 485 Financial services September Faus Spain 176 Manufacturing July Holcim Spain 295 Manufacturing July Precon Spain 194 Manufacturing July job layoffs 19 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 20. 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 Q4 2012 Organisation Location Total (approx) Industry Month Alestis Spain 593 Manufacturing September Boehringer Spain 120 Manufacturing September Cementos Portland Spain 250 Manufacturing September Formica Spain 170 Manufacturing September Siemens Spain 141 Manufacturing September Solaria Spain 201 Manufacturing September Panaxia Sweden 400 Administrative services September Svenska Spel Sweden 100 Arts/entertainment September Svenska Dagbladet Sweden 50 Information/communication August Dynapac Compaction Equipment Sweden 83 Manufacturing August Fazer Skogaholm Sweden 91 Manufacturing August HK Scan Sweden 150 Manufacturing August Sony Mobile Communications Sweden 650 Manufacturing August Whirlpool Sweden Sweden 40 Manufacturing August Nimbus Boats Holding Sweden 200 Manufacturing July AAK Sweden 55 Manufacturing September Aurubis Sweden 177 Manufacturing September Bosch Thermoteknik Sweden 48 Manufacturing September Getinge Disinfection Sweden 40 Manufacturing September Iggesund Paperboard Sweden 100 Manufacturing September Kemira Kemi Sweden 40 Manufacturing September Ludvig Svensson Sweden 25 Manufacturing September Södra Timber Sweden 260 Manufacturing September Swedwood Älmhult Sweden 70 Manufacturing September Swedwood Tibro Sweden 221 Manufacturing September Tenneco Sweden 122 Manufacturing September Tetra Pak Sweden 250 Manufacturing September Logica Sverige Sweden 350 Professional services September Swedish Armed Forces Sweden 230 Public administration and defence August The National Food Agency Sweden 300 Public administration and defence September
  • 21. 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 Apoteket Sweden 220 Retail September Expert Sverige Sweden 817 Retail September Finnlines Ship Management Sweden 300 Transportation/storage July Aspers United Kingdom 100 Arts/entertainment August WH Brown Construction United Kingdom 130 Construction August Aviva United Kingdom 800 Financial services August Diligenta United Kingdom 140 Financial services September Direct Line United Kingdom 891 Financial services September Nomura United Kingdom 200 Financial services September Royal Bank of Scotland United Kingdom 300 Financial services September Zurich Insurance Group United Kingdom 200 Financial services September Bolton NHS Foundation Trust United Kingdom 200 Health/social work August Logica United Kingdom 700 Information/communication September Willerby Holiday Homes United Kingdom 193 Manufacturing August Jeyes United Kingdom 117 Manufacturing July Remploy United Kingdom 189 Manufacturing July St Ives United Kingdom 177 Manufacturing July Ardagh Group United Kingdom 146 Manufacturing September FG Wilson United Kingdom 760 Manufacturing September SONAE Industria United Kingdom 220 Manufacturing September Morrisons United Kingdom 165 Professional services September South Tyneside Council United Kingdom 350 Public administration and defence August Julian Graves United Kingdom 755 Retail August Lloyds Pharmacy United Kingdom 120 Retail August Allders United Kingdom 850 Retail September job layoffs 21 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month Source: European Monitoring Centre on Change
  • 22. 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 europe JUL to SEPT 2012 Manner Austria 60 Manufacturing August Fresenius Kabi Austria 100 Manufacturing July Wacker Neuson Austria 200 Manufacturing September Metaldyne Czech Republic 100 Manufacturing September Phone Régie France 150 Administrative services September Ministry of Agriculture France 110 Education July Complétude France 150 Education September Ausy France 1,200 Information/communication July Roullier France 120 Manufacturing September Ekium France 150 Professional services September Pôle emploi France 2,000 Public administration and defence July E. Leclerc France 140 Retail July Uniqlo France 200 Retail July My Ferry Link France 500 Transportation/storage July CHG Meridian Germany 100 Information/communication July Glashütte Original Germany 70 Manufacturing September Klemme Germany 100 Manufacturing September Kunststofftechnologie Aurich Germany 600 Manufacturing September Aida Cruises Germany 3,000 Transportation/storage August Germanos Group & Wind Hellas Greece 100 Retail September Teljes Életért Nonprofit Hungary 186 Administrative services July Avis Budget Group BSC Hungary 235 Administrative services September Chanticleer Holdings Europe Hungary 110 Hotel/restaurants August IBM Data Storage Systems Hungary 180 Information/communication September Stadler Rail Hungary 230 Manufacturing September Aviva Ireland 220 Financial services July Arvato Finance Ireland 100 Financial services September Bluebird Care Ireland 510 Health/social work August Jo’Burger Ireland 120 Hotel/restaurants August Electronic Arts Ireland 300 Information/communication September HubSpot Ireland 150 Information/communication September 22 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 23. 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 Microsoft Ireland 100 Information/communication September Deloitte Ireland 280 Professional services September McArthurGlen Italy 250 Retail July Uralvagonzavod Latvia 100 Manufacturing September Callcredit Information Group Lithuania 200 Financial services September Danske Bank Lithuania 50 Financial services September Storebrand Baltic Lithuania 100 Financial services September Tipico Malta 100 Arts/entertainment July Hotel RUI Seabank Malta 175 Hotel/restaurants August Costa Coffee Malta 250 Hotel/restaurants September Serco Poland 450 Administrative services August Polkomtel Poland 300 Administrative services September Brown Brothers Harriman Poland 200 Financial services July IBM Poland 200 Information/communication September Sii Poland 200 Information/communication September Nebiolo Poland Poland 100 Manufacturing July Nokia Siemens Networks Poland 200 Manufacturing July Stocznia Gdańsk Poland 300 Manufacturing July SuperDrob Zakłady Drobiarsko-Mięsne Poland 225 Manufacturing July WNS Poland 500 Professional services August Speedmail Poland 1,000 Transportation/storage August Przewozy Regionalne Poland 500 Transportation/storage July United Oilfield Services Poland 120 Transportation/storage July Teleperformance Portugal 1,200 Administrative services September Salvador Caetano SA Portugal 200 Manufacturing August Mohave Oil and Gas Portugal 200 Mining/quarrying September Primark Portugal 125 Retail August Sonae Portugal 174 Retail August Gral Medical Romania 200 Health/social work July Continental Automotive Romania Romania 550 Manufacturing August Jolidon Import Export Romania 100 Manufacturing August job creations 23 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month
  • 24. 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 Holzindustrie Schweighofer Romania 100 Manufacturing July Sumitomo Electric Romania 1,500 Manufacturing July Battistero Romania Romania 500 Manufacturing September Romcab Romania 500 Manufacturing September Emerson Romania Romania 1,000 Professional services September Cora Romania Romania 900 Retail July Dedeman Romania 174 Retail July IBM Slovakia Slovakia 170 Information/communication September Rubig Slovakia 155 Manufacturing August Bronx International Slovakia 120 Manufacturing September Asko Slovenia 450 Manufacturing July Ikea Spain 380 Retail July Decathlon Spain 112 Retail September Mercadona Spain 111 Retail September Primark Spain 162 Retail September HMRC United Kingdom 1,000 Administrative services August LaSer UK United Kingdom 100 Administrative services August Firstsource United Kingdom 100 Administrative services July Wood Group PSN United Kingdom 150 Construction July Hastings Direct United Kingdom 200 Financial services September M&S Bank United Kingdom 200 Financial services September BT United Kingdom 400 Information/communication August Talk Talk United Kingdom 500 Information/communication September Cranswick and Yorkshire Baker United Kingdom 300 Manufacturing August Linda McCartney United Kingdom 150 Manufacturing August ABB United Kingdom 120 Manufacturing July Jaguar Land Rover United Kingdom 1,100 Manufacturing July DRL United Kingdom 160 Retail August Greggs United Kingdom 500 Retail August CSL United Kingdom 100 Retail September EasyJet United Kingdom 120 Transportation/storage August Amazon United Kingdom 2,000 Transportation/storage September job creations 24 | Employment RestructurinG report | European union edition Q4 2012 Organisation Location Total (approx) Industry Month Source: European Monitoring Centre on Change
  • 25. 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 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 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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