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.
Banque Populaire Loire et Lyonnais, a bank employing 1,000 people in the province of Rhône-Alpes, has announced to the trade unions its plans to cut between 15% and 20% of jobs before January 2009. The 150-200 job cuts (only pensioners) are part of an internal restructuring plan by which the bank has decided not to replace retiring employees for the next 3 years.
Eurofound (2006), Banque Populaire Loire et Lyonnais, Internal restructuring in France, factsheet number 63977, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63977.