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.
Low-cost Irish airline Ryanair is reducing the number of flights out of Shannon Airport in the mid-west of Ireland by 75% from next April 2010; which will result in 150 redundancies. Ryanair's present contract with the airport expires in April 2010. Shannon Airport has confirmed that it is not entering a new five-year agreement with Ryanair, referring to the airline's 'unreasonable demands'. However, Ryanair claimed it had offered Shannon better cost terms than other lower cost airports in destinations all over Europe.
Eurofound (2009), Ryanair, Internal restructuring in Ireland, factsheet number 69924, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69924.