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.
Danish bank, Sydbank which has headquarters in Åbenrå, announced 17 February that 100 jobs will be cut due to a bad economical result for 2008. One of the major reasons was the collapse of the EBH bank which cost Sydbank more than €2 million. Sydbank is nationwide and had 2,479 employees at the end of 2008. There is no precise information about the timeline of the lay-offs.
Eurofound (2009), Sydbank, Internal restructuring in Denmark, factsheet number 68645, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68645.