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04reasons for announced job losses EU Employment Restructuring Report Q4 2012

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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

Veröffentlicht in: Karriere
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