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.
American multinational technology company Microsoft has announced that it will cut 1,900 jobs worldwide, including 136 positions in Ireland.
The dismissals will be carried out at Blizzard Entertainment which was recently acquired by Microsoft in a deal worth $69 million. Following the acquisition, Microsoft announced that it would be cutting 1,900 jobs across its video-gaming divisions, including at Blizzard.
According to People Before Profit TD Mick Barry, the company has refused to engage with the trade union chosen to represent the workers. Michéal Martin, the Irish Tánaiste noted that the planned redundancies were very serious for the affected employees.
The restructuring event in Ireland has been recorded in the ERM events database Blizzard Entertainment-2024-IE.
Eurofound (2024), Microsoft, Merger/Acquisition in World, factsheet number 200886, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200886.