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.
Raiffeisen Leasing, a subsidiary of the Raiffeisen banking group, is planning to cut around 80 jobs due to internal restructuring. The company, which currently employs around 350 workers, will dismiss at first instance 40 workers respecting a social plan. Another 40 workers will be relocated to the Raiffeisen Landesbanken, another subsidiary of the group, where they will also be engaged in leasing business. A social plan for 80 workers has been developed, according to a company statement. The step is necessary in order to 'optimise the Raiffeisen Central Bank's group structure'. No information about the concrete timeline of the restructuring process has been announced.
Eurofound (2011), Raiffeisen Leasing, Internal restructuring in Austria, factsheet number 72302, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72302.
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