EU sanctions against Russia impact on reported restructuring job losses in Europe - Eurofound ERM Quarterly

Author: Based on contributions from Sara Riso, Charlotte Ruitinga, John Hurley, Irene Mandl and Andrea Broughton

Price FREE Publisher European Foundation for the Improvement of Living and Working Conditions (Eurofound) Publication date 05 February 2015 ISBN

Publication synopsis Dramatic recent oil price declines have seen deflation take hold in the EU. General price levels in December 2014 were 0.2% lower than a year earlier. This is further evidence of a tentative European economic recovery that appears to be running out of steam. Growth forecasts for the EU have been trimmed to 1.1% in 2015 after growth failed to reach even 1% in 2014. This issue includes: Macroeconomic trends and prospects; Job creation and job loss at a glance (1/10/14 - 31/12/14); Sectoral distribution of job losses/job gains, and top five cases; Case in focus: Lloyds Banking Group and branch banking; Situation in focus: Restructuring arising from Russian sanctions; Restructuring support measures in focus: public employment incentives.

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