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.
On 20 December 2010, Bwin, a listed online gaming provider, announced a merger with the British online gaming company PartyGaming, thereby making at least 100 of its 800 employees redundant. A part of the dismissals should take the form of natural attrition. The jobs are to be transferred from the Vienna Bwin headquarters to PartyGaming's headquarter in Gibraltar. Currently, some 500 out of the 800 employees are IT workers. The merger is to be finalised by the end of the first quarter 2011.
Eurofound (2010), Bwin, Merger/Acquisition in Austria, factsheet number 71345, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71345.