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.
Merrill Lynch, one of the world´s leading wealth management companies, has announced its intention to cut 4,000 jobs worldwide. The decision is attributed to a net loss from continuing operations for the first quarter of 2008 of USD 1.97 billion, compared to net earnings of USD 2.16 billion for the year-ago quarter. At present, the company employs 63,100 people.
Eurofound (2008), Merrill Lynch, Internal restructuring in World, factsheet number 66518, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66518.