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.
One of Ireland's largest retailers Arnotts - located in Dublin - plans to let go 580 of its 950 staff when it moves to a temporary home in August. Arnotts is moving to facilitate the redevelopment of its existing Henry Street store, part of the company's €1 billion 'Northern Quarter' redevelopment plan for Dublin's north city centre, which is expected to reopen in 2011. When finalised, the new development could employ up to 1,000 people. Union representatives are negotiating redundancy terms with Arnotts management.
Eurofound (2008), Arnotts, Relocation in Ireland, factsheet number 66322, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66322.