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.
On 9 March 2026, Eurobank Ltd has announced a voluntary employee redundancy plan, which aims to reduce the workforce by up to 300 employees. It seems that the redundancy follows the merge of the Hellenic Bank Public Company and Eurobank S.A. in August 2025. It seems that the staffing needs of the newly unified Hellenic Bank Ltd, which is currently in the process of functional merger, are reassessed.
Staff have already been transferred to units with staffing needs but the merge in combination with the digitalisation of operations is reducing the need for personnel. The Plan provides a maximum compensation payment of €200,000. Eligible to participate in the plan are employees of the bank and its insurance units who have completed five years of services and are over 35 years of age.
Eurofound (2026), Eurobank, Merger/Acquisition in Cyprus, factsheet number 204417, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204417.
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...
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...
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