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 low-cost Irish carrier has announced that it will hire about 2,000 pilots in Europe over the next three years, as the company recovers from the COVID-19 pandemic.
New pilots will be recruited to crew aircraft deliveries. As part of this recruitment drive, Ryanair will deliver Boeing 737 training courses in partnership with Airline Flight Academy in Dublin, Ireland. Training courses will take place through 2021 to be ready for summer 2022 for Ryanair’s locations across Europe. The airline has received its first Boeing 737-8200 Gamechanger aircraft, which will help reduce fuel consumption, costs and noise, and CO2 emissions.
Ryanair is an Irish low-cost airline founded in 1984. Ryanair's route network serves 40 countries in Europe, North Africa, and the Middle East.
Previous restructuring programmes were announced in May 2020 (3,250 jobs cut) and June 2021 (1,000 jobs created).
Eurofound (2021), Ryanair, Business expansion in European Union, factsheet number 105109, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105109.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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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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