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.
Citibank Europe – which is part of Citigroup - is to cut 168 roles in Ireland as part of its global cost-cutting programme.
Citigroup has said Ireland would continue to play an important role in its global network. In January of 2024, Citigroup reported its worst quarter in 15 years and announced it would shed up to 20,000 roles globally over the next three years.
Citibank Europe has its EU banking headquarters in Dublin and currently employs approximately 2,900 people in the Republic of Ireland.
The global restructuring programme of Citigroup has been recorded in the ERM events database Citigroup-2024-WO.
Eurofound (2024), Citibank Europe, Internal restructuring in Ireland, factsheet number 201124, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201124.
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...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
