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.
Financial services company Lombard Ireland has announced 108 redundancies jobs following a review of its operations. Eighty-four of the job losses are to occur in the Republic of Ireland, while 24 are in Northern Ireland. Lombard is owned by Royal Bank of Scotland and provides lending for a range of assets from cars to factory equipment. Issuing a statement, the company says it will now provide financing directly to businesses in the Irish market and will no longer operate through broker networks. On a brighter note, it hopes to offset the job losses by creating 17 new posts, adding that some staff affected could be redeployed.
Eurofound (2009), Lombard Ireland, Internal restructuring in European Union, factsheet number 69985, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69985.
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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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...
