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.
Debenhams department store is to close its Jervis Street branch in Dublin at the end of January 2007 with the loss of up to 100 jobs. In a statement, Debenhams said it had endeavoured to minimise job losses by integrating its Jervis Street and Henry Street stores which are located close to each other. It was continuing to work closely with staff and trade unions to manage this process.
Staff have been in dispute with the company over the terms of the redundancy package and a €3,000 “retention payment” on behalf of staff who are transferring. The union has an agreement with the company providing for five weeks of pay per year of service in the case of voluntary redundancies, but is seeking an enhanced package in the current situation. The future of the Jervis Street store has been in doubt since Debenhams took over Roches Stores in 2006 and rebranded nine of its stores with the Debenhams name.
Eurofound (2008), Debenhams, Closure in Ireland, factsheet number 66158, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66158.