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.
The European Central Bank (ECB) plans to outsource its IT-division and thereby cut 120 jobs in Germany, affecting mainly temporary agency workers. Many have worked for the bank for several years, but since a new law came into force on 1 April 2017, the maximum duration for the leasing of personnel from temporary agencies was set at 18 months.
On 7 June 2017, the trade union International and European Public Services Organisation (IPSO) called for a demonstration. IPSO also criticised the lower payment of the temporary agency workers compared with the permanent staff of ECB.
However, there is no confirmation of these 120 job cuts from the ECB.
Eurofound (2017), European Central Bank, Outsourcing in Germany, factsheet number 91617, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91617.
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