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.
State-owned company Bus Éireann, which is part of the CIE public transport company, has announced 320 redundancies among its 2,700 workforce, and a reduction in its bus fleet of 150. The national bus company said the measures were necessary to restore its finances to break-even level by the end of 2010 due to what it described as 'a very challenging economic environment'. In addition, the internal restructuring plan incorporates a wage freeze up to the end of 2009 as well deferring payment of the terms of the Towards 2016 national wage agreement.
Eurofound (2009), Bus Eireann, Internal restructuring in Ireland, factsheet number 67901, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67901.