Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Bank of Ireland will shed up to 1,700 of the 12,000 jobs in its operations in the Republic of Ireland over the next four years in a bid to cut some €120 million a year from its cost base. A further 400 jobs are to go at its British and Northern Irish businesses. The bank also said it would close 10 branches as part of the restructuring.
The State's second-largest bank said it could not rule out compulsory redundancies if it failed to achieve its target of cutting 2,100 jobs, or 12 %, of its 17,000-strong workforce by 2009.
The Irish Bank Officials Association (IBOA) warned that any move to force people out of jobs would be resisted.
Eurofound (2005), Bank of Ireland, Internal restructuring in Ireland, factsheet number 61558, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61558.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
