2 | employment restructuring report
| european union edition Q3 2011contents summary p/3 metHodology notes: the employment 01 restructuring report is compiled using publicly eu labour market trends p/4 available data from official, private and not-for-profit 02 organisations. this report covers announced or actual eu member state labour trends p/6 reductions of at least 100 jobs, or involving sites 03 employing more than 250 people and affecting at least most heavily impacted sectors p/9 10% of the workforce. Job creations and layoffs are 04 associated with their date of announcement, not the reasons for announced job losses p/12 scheduled completion date. 05 european labour market outlook p/13 06 major announced job layoffs in europe p/15 07 major announced job creations in europe p/21 about this report p/25 grapHs 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 OECD composite leading indicator p/14 disclaimer: This information is provided with the understanding that it is not guaranteed to be correct or complete and conclusions drawn from such information are the sole responsibility of the user. Attempts have been made to ensure that this data or documentation is accurate and reliable; Kelly Services does not assume liability for any damages caused by inaccuracies in this data or documentation. Kelly Services makes no warranty, expressed or implied, as to the accuracy, completeness, or utility of this information, nor does the fact of distribution constitute a warranty.
Home3 | employment restructuring report
| european union edition Q3 2011 contents summary 01 eu labour market trends 02 eu member state labour trendssummary ➔ The second quarter of 2011 saw a reversal in June and July (10%, also unchanged, for the broader deterioration in employment in the months ahead. member countries are also likely to produce differing jobs 03 most Heavily impacted sectors 04 reasons employment markets and euro-zone). The number of outcomes. The public sector for announced More broadly, economic Job losses in the economic outlook people out of work in the will remain weak in all regions 05 european generally, as banking and EU27 rose by 18,000 to 22.711 conditions stalled in the labour market yet, labour shortages in some outlook financial troubles intersect million from June to July second quarter of 2011, with critical areas will persist. 06 maJor with government spending (61,000 and 15.757 million for GDP in the major economies announced Job layoffs but tHe cuts to cutbacks to produce a somber the euro area). of France, Germany and the The fragility of the EU’s in europe public sector and volatile mood across United Kingdom, all flattening, economic position is 07 maJor announced Jobs… and The broad unemployment after promising starts to the the euro zone. underscored by the Job creations picture also hides a more in europe nervousness about year. This weak domestic uncertainty that characterizes about tHis sovereign debt all The deterioration in sentiment divergent multi-speed activity will translate into report efforts to resolve the sovereign point to a likely across Europe during the economy, with improved subdued demand for goods debt crisis. Much rides on deterioration in quarter sharply punctuated the jobless rates in Austria, and services, while uncertainty employment in tHe emerging signs of recovery further weakness in Spain and the ability of political leaders about jobs will see consumers montHs aHead. that were evident in the early Greece, to a lesser extent the and regulators to avoid this curtail spending. part of 2011. Netherlands, Luxembourg morphing into a banking and and France, and a more stable With economic momentum financial crisis. The reversal in economic position in Germany. flagging, the labour market fortunes has seen labour Rarely has the degree of is likely to face continued markets weaken, although the But the cuts to public sector uncertainty been so great. A weakness. Few businesses unemployment rate, which jobs, the fiscal tightening successful resolution of the will be looking at new hirings lags the economic reality, across the region, and crisis may avoid recession and and some that have strived remained stable in the nervousness about sovereign prompt a weak recovery in late to retain headcount will EU27 at 9.5% between debt all point to a likely 2011, but failure could prompt probably find this the last straw. But the same trends serious questions about the that are causing disparate future of the economic and economic performance across monetary union.
Home4 | employment restructuring report
| european union edition Q3 2011 contents summary 01 eu labour market trends 02 eu member state labour01 trends ➔ There was a reduction momentum that has been 10 percent across 03 most Heavily impacted sectors in both the number of jobs evident since the end of 2009. the EU, but there 04 reasons lost and gained as a result of remain wide variation across for announced It seems clear that the rate of Job losses restructuring activity in the member states – from near-full 05 european second quarter of 2011. layoffs has largely steadied at employment in Netherlands labour marketeu labour around 100,000 per quarter in and Austria, and over outlook 06 maJormarket Data collected by the European Monitoring Centre the period following the 2009 economic downturn. The 20 percent unemployment in Spain. announced Job layoffs in europetrends on Change show that total job concern will be over whether Individual countries are 07 maJor announced losses between April and June this level will now accelerate in Job creations 2011 totaled approximately the face of the recent volatility. now embarking on their in europe own approaches to addressing about tHis 93,000, down slightly from the report previous quarter, but well up The picture is somewhat the economic challenge. from 51,000 one year earlier. confounded by the growing Sharp cutbacks in public disparity between the more sector spending in countries Meanwhile job creations in the buoyant and fiscally-prudent such as Greece, Ireland, quarter totaled approximately core group of EU countries, the UK, Spain and Portugal 46,600 - well down on 72,000 and the peripheral members are likely to fuel layoffs in in the previous quarter but still whose economies are weak coming months, while the well above the 24,500 figure and now facing further resilience of countries such as a year earlier. The trend in job cutbacks. The aggregate Germany and France will be creations in the latest period unemployment rate has tested by the weakness reverses the generally positive stabilized at just under of their neighbours.
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report | european union edition Q3 2011 contents summary 01 eu labour 0 market trends 2005/Q2 2005/Q4 2006/Q2 2006/Q4 2007/Q2 2007/Q4 2008/Q2 2008/Q4 2009/Q2 2009/Q4 2010/Q2 2010/Q4 2011/Q2 2005/Q3 2006/Q1 2006/Q3 2007/Q1 2007/Q3 2008/Q1 2008/Q3 2009/Q1 2009/Q3 2010/Q1 2010/Q3 2011/Q1 02 eu member state labour trends 03 most Heavily impacted sectors 04 reasons total reported european Job losses and gains for announced Job losses sHarp cutbacks resulting from restructuring (Q1 2005 to Q2 2011) 05 european in public sector labour market outlook spending in 250,000 06 maJor countries sucH as Loss announced Creation Job layoffs greece, ireland, in europe 200,000 tHe uk, spain and 07 maJor announced portugal are likely Job creations in europe to fuel layoffs in 150,000 about tHis coming montHs. report 100,000 50,000 0 2005/Q2 2005/Q3 2005/Q4 2006/Q1 2006/Q2 2006/Q3 2006/Q4 2007/Q1 2007/Q2 2007/Q3 2007/Q4 2008/Q1 2008/Q2 2008/Q3 2008/Q4 2009/Q1 2009/Q2 2009/Q3 2009/Q4 2010/Q1 2010/Q2 2010/Q3 2010/Q4 2011/Q1 2011/Q2 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
Home6 | employment restructuring report
| european union edition Q3 2011 contents summary 01 eu labour market trends 02 eu member state labour02 trends ➔ The largest number be lost through redundancies In Italy, banking group, Intesa company, SNCF, which will 03 most Heavily impacted sectors of job losses in the second and natural wastage. This San Paolo announced its hire 8,000 new employees 04 reasons quarter quarter of 2011 represents the first installment intention to implement 10,000 by the end of 2011. for announced Job losses occurred in the Netherlands of what the Ministry says will job cuts by the end of 2013. 05 european (22,890), followed by Italy be some 43,000 job cuts Poland saw more than labour marketeu member (14,199), United Kingdom to be achieved by 2015. In the UK, home care provider, 7,000 new jobs announced, outlook 06 maJorstate (12,931) and Spain (8,387). Approximately 25,000 of these will be in the civilian Ministry Southern Cross has announced 3,000 job cuts as it strives with 4,000 of those associated with retailer, Jeronimo Martins, announced Job layoffs in europelabour The Netherlands topped of Defence staff. to implement a financial which already employs 07 maJor announced the list of job losses, fuelled rescue package. ome 30,000 people acrosstrends by some 12,000 cuts to the Also in the Netherlands, the country. Job creations in europe Dutch Defence Ministry as telecommunications company, During the second quarter, about tHis report part of the government’s KPN announced cuts of France had the largest number Germany is set to gain some austerity measures. between 4,000 and 5,000 of job gains with 13,366 new 7,000 new jobs, led by positions, with a significant positions. The largest single about 1,200 new positions There were similar cuts to proportion to be outsourced case involves national rail at car maker, Audi, and the UK armed forces, where to India. approximately 1,000 at BMW. approximately 11,000 jobs will
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employment restructuring report | european union edition Q3 2011 10000 summary 01 eu labour 0 market trends Netherlands Italy United Kingdom Spain RomaniaGermany Finland Poland Ireland France Slovenia Slovakia Sweden HungaryDenmark 02 eu member state labour trends 03 most Heavily impacted sectors 04 reasons total reported european Job losses by country (Q3 2010 to Q2 2011) for announced Job losses netHerlands, 05 european telecommunications 70,000 labour market company, kpn outlook 06 maJor Q announced cuts 60,000 announced of between 4,000 Job layoffs in europe Q and 5,000 positions, 50,000 07 maJor witH a significant announced Job creations Q proportion to be 40,000 in europe outsourced to india. about tHis report Q 30,000 20,000 10,000 0 Italy United Kingdom Spain Romania Germany Finland Poland Ireland France Slovenia Slovakia Sweden Hungary Denmark Netherlands Q3 2010 Q4 2010 Q1 2011 Q2 2011 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
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report | european union edition Q3 2011 contents summary 01 eu labour 0 market trends France PolandGermany Slovakia Republic Czech United Kingdom Romania Slovenia Sweden Spain Austria IrelandLithuania Portugal Italy Hungary Belgium 02 eu member state labour trends 03 most Heavily impacted sectors 04 reasons total reported european Job gains by country (Q3 2010 to Q2 2011) for announced Job losses 05 european labour market 25,000 outlook 06 maJor Q announced 20,000 Job layoffs in europe Q 07 maJor 15,000 announced Job creations Q in europe france Had tHe about tHis report Q largest number 10,000 of Job gains witH 13,366 new 5,000 positions. tHe largest single case involves national 0 France Poland Germany Slovakia Czech Republic United Kingdom Slovenia Romania Sweden Spain Austria Ireland Lithuania Portugal Italy Hungary Belgium rail company, sncf. Q3 2010 Q4 2010 Q1 2011 Q2 2011 Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
Home9 | employment restructuring report
| european union edition Q3 2011 contents summary 01 eu labour market trends 02 eu member state labour03 trends ➔ The mounting pressure local councils. Rotterdam losses in Finland and recession. Aside from the 03 most Heavily impacted sectors to curtail government City Council announced 700 in the UK, as part of a previously mentioned job 04 reasons spending has seen public 2,000 job cuts, while the planned 7,000 staff creations at Audi and BMW, for announced Job losses administration bear the brunt Catalan Government will reduction worldwide. there were new jobs at PSA 05 european of job losses across the EU. Peugeot Citroen, Ford, and labour marketmost lose 1,000 positions. Also in the sector, Pfizer will outlook French parts maker, Faureccia. 06 maJorHeavily There were almost 30,000 public sector layoffs during The second largest German public health insurer, DAK will close its manufacturing plant in Sandwich in the UK with In transport and announced Job layoffs in europeimpacted the second quarter of 2011, abolish 800 positions. the loss of 2,400 jobs. communications, the main 07 maJor announced repeating a trend that source of new jobs was insectors emerged early in 2011, and After public administration, The manufacturing sector French rail company, SNCF, Job creations in europe financial services and saw the largest share of while smaller contributions about tHis outstripping the manufacturing report manufacturing each lost job increases, with almost came from US clothing firm, sector as the chief source of approximately 20,000 jobs 19,000 new positions created. TJX Europe, with a new job-shedding. in the quarter. Almost 10,000 of these distribution centre, and from In the first six months of 2011, were concentrated in auto new positions at the cargo more than 60,000 public Financial services job losses manufacturing. facility at Brussels Airport. sector positions have been occurred at Italian bank, The resurgence in auto wiped out. Intesa San Paolo, at a number manufacturing reverses some of Spanish banks including In addition to the reported of the cuts that were delivered Caja Sol, and at Allied Irish losses in the Dutch and during the economic Bank, which announced UK defence forces, there 2,000 redundancies. continues to be an erosion of positions in a range of In the manufacturing sector, government enterprises and Nokia announced 2,900 job
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restructuring report | european union edition Q3 2011 Public administration Financial services Health/social work services ManufacturingTransport /communication Business Retail UtilitiesConstruction services Other Education Agriculture/fishing Mining/quarrying summary 01 eu labour market trends 02 eu member state labour trends 03 most Heavily impacted sectors 04 reasons total reported european Job losses by sector (Q2 2011) for announced Job losses 35,000 05 european labour market outlook 29,536 30,000 06 maJor announced Job layoffs after public 25,000 in europe administration, 07 maJor 19,237 18,987 announced financial services 20,000 Job creations in europe and manufacturing about tHis eacH lost 15,000 report approximately 20,000 Jobs in tHe Quarter. 10,000 7,388 5,024 5,009 5,000 3,060 1,788 1,720 950 300 104 100 0 Public administration Manufacturing Financial services Transport /communication Health/social work Business services Retail Utilities Construction Other services Education Agriculture/fishing Mining/quarrying Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change
Home11 | employment restructuring report
| european union edition Q3 2011 contents 5000 summary 01 eu labour market trends 02 eu member 0 state labour trends Manufacturing /communication services Retail Financial services administration Transport Business Public Health/social work Construction Mining/quarrying Hotels/restaurants 03 most Heavily impacted sectors 04 reasons total reported european Job gains by sector (Q2 2011) for announced Job losses 05 european 20000 18,861 labour market outlook 06 maJor announced Job layoffs 15000 in europe 07 maJor announced Job creations in europe 10000 9,200 about tHis 7,843 7,412 report tHe resurgence in auto manufacturing reverses some of 5000 tHe cuts tHat were delivered during tHe 1,100 750 500 400 382 200 economic recession. 0 Manufacturing Transport /communication Business services Retail Financial services Public administration Health/social work Construction Mining/quarrying Hotels/restaurants Source: European Restructuring Monitor (ERM), European Monitoring Centre on Change