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.
Logitech, the Swiss manufacturer of keyboards, webcams and other computer accessories has announced plans to cut 300 workers from it's global workforce. Logitech has a large presence in Cork, Ireland, and it is expected workers will be largely impacted there. The global restructuring has been attributed to a drop in consumer demand and spending after the pandemic. As part of the restructuring, the company has also hired a new Chief Financial Officer and revised its financial outlook for 2023.
Eurofound (2023), Logitech, Internal restructuring in World, factsheet number 109020, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109020.