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.
Computer manufacturer Hewlett Packard, and its newly acquired subsidiary EDS, has announced 133 job losses in two plants in Dublin and Kildare. The redundancies are part of a major worldwide restructuring plan, which will result in 24,600 job losses in total. Of this, over 9,000 jobs are to go across Europe (including 133 in Ireland). The 133 consultancy jobs that will be lost in the two Irish plants will be phased out over a two year period. A spokesperson for HP said the Irish job cuts will be made in areas where its operations crossed over with its new subsidiary EDS, which specialises in IT consultancy. The Irish restructuring exercise will entail a streamlining of operations, the spokesperson added. Hewlett Packard presently employs 4,000 people at its facility in Kildare and its EDS subsidiary employs 400 in Dublin.
Eurofound (2008), Hewlett-Packard, Internal restructuring in Ireland, factsheet number 67222, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67222.
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...
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