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.
Home Credit, a non-banking consumer credit provider, has announced 2,000 job cuts in Russia and another 100 in the Czech Republic (by the end of November 2008) due to the financial crisis. As of November 2008 there is no further information as to when the job losses will be implemented by.
Home Credit is owned by the PPF international group and it operates in Byelorussia, the Czech Republic, China, Kazakhstan, Slovakia, Russia, Ukraine, and Vietnam.
Eurofound (2008), Home Credit, Internal restructuring in World, factsheet number 67482, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67482.