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.
Irish bookmaker Paddy Power has announced that it will create up to 250 new jobs at its Dublin headquarters over the next three-and-a-half years. All of the 250 new jobs will be allocated to candidates with graduate skills in areas like IT and e-commerce. The bookmaker presently employs 640 people in Dublin, and its expansion is attributable to its strategy of international expansion into the online sports betting market. The first phase of the new jobs will entail recruiting 50 new staff with skills in technology and risk management by summer 2010, with the remaining 200 jobs expected to come on stream over the next three years.
In relation to the new jobs announcement, Paddy Power has said it is lending its bet pricing and risk expertise to the French state controlled horse racing betting system, called PMU, for a five-year period from next year. PMU plans to become an online player for sports betting. The move will make Paddy Power a significant exporter of betting services.
Eurofound (2009), Paddy Power, Business expansion in Ireland, factsheet number 69859, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69859.