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.
Maltacom, the leading provider of telecommunications and related services in Malta, announced that as a reaction to the many requests by various employees, a new voluntary early retirement scheme was introduced. Applicants could apply for the scheme until the end of October. Through such a retirement scheme Tecom Investments Ltd, the major shareholder of Maltacom, aims to achieve 300 lines per employee. For this to be achieved, between 175 and 225 employees are expected to accept the scheme every year for the next three years, and 75 employees in 2009.
Sources
9 October 2006: The Times of Malta
3 October 2006: L-Orizzont
3 October 2006: The Times of Malta
Citation
Eurofound (2006), Maltacom, Internal restructuring in Malta, factsheet number 64250, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64250.
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