2. 2 | employment restructuring report | european union edition Q3 2011
contents 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
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3 | employment restructuring report | european union edition Q3 2011 contents
summary
01 eu labour
market trends
02 eu member
state labour
trends
summary ➔ 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.
4. Home
4 | employment restructuring report | european union edition Q3 2011 contents
summary
01 eu labour
market trends
02 eu member
state labour
01
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 market
eu labour around 100,000 per quarter in and Austria, and over
outlook
06 maJor
market Data collected by the
European Monitoring Centre
the period following the 2009
economic downturn. The
20 percent unemployment
in Spain.
announced
Job layoffs
in europe
trends 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.
5. Home
50000
5 | employment restructuring 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
6. Home
6 | employment restructuring report | european union edition Q3 2011 contents
summary
01 eu labour
market trends
02 eu member
state labour
02
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 market
eu member (14,199), United Kingdom to be achieved by 2015. In the UK, home care provider, 7,000 new jobs announced, outlook
06 maJor
state (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 europe
labour 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 across
trends 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
7. 20000
Home
contents Q
7 | 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
8. Home
5000
8 | employment restructuring 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
9. Home
9 | employment restructuring report | european union edition Q3 2011 contents
summary
01 eu labour
market trends
02 eu member
state labour
03
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 market
most
lose 1,000 positions.
Also in the sector, Pfizer will outlook
French parts maker, Faureccia.
06 maJor
Heavily 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 europe
impacted 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 in
sectors 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
10. Home
0 contents
10 | employment 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
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11 | 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
