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.
Spanish Santander Bank plans to cut 40 of its 400 jobs in Austria. According to the bank, the job cuts are due to changing customer demands and upheavals in the banking sector. A social plan will be available for those affected by the job cuts.
Santander employs most of its 400 staff in call centres in Vienna and Eisenstadt. The bank concentrates on car financing, which has not been as successful in recent times, and product financing, which is more successful, according to the sources.
Eurofound (2014), Santander, Internal restructuring in Austria, factsheet number 76676, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76676.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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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...
