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.
The bank Dexia announced that it is to cut between 300-400 jobs all over Belgium. The job losses are part of a global cost-cutting plan aimed at saving EUR 200 million in 2009. Dexia was severely hit by the financial crisis at the end of 2008 and lost EUR 3 billion. Dexia announced that no direct dismissals are forecast; the bank plans to implement the job cuts through voluntary redundancies and early retirement.
Eurofound (2009), Dexia, Internal restructuring in Belgium, factsheet number 67994, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67994.