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.
Bewley's landmark Dublin cafes ceased trading at the end of November 2004, despite a campaign to try and save them. Some of the 234 staff have already left since the company announced the closures on 29 October , citing €4 million losses as the reason. Many others are expected to be redeployed to other jobs in Campbell Catering, the company that bought the Bewley's cafes. Redundancy terms of two weeks pay per year of service, plus statutory entitlement of two weeks pay per year of service - a total of four weeks pay per year of service - plus a further €50 per year of service, have been proposed for staff.
Eurofound (2004), Bewleys, Closure in Ireland, factsheet number 60794, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60794.