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.
CIB bank announced 5 March 2009 that it has given notice to 300 employees in Budapest. The announcement quoted smaller number than was estimated by a news report, which reported a headcount reduction of 560. In the announcement the company indicated that the mass redundancy measure was undertaken with assistance given to the employees although no further information was disclosed about what it would actually mean. The downsizing was triggered by the global economic crisis' impact on the bank sector. The company belongs to Intesa Sanpaolo with headquarters in Turin (Italy)
Eurofound (2009), CIB Bank, Internal restructuring in Hungary, factsheet number 69652, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69652.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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