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.
Portuguese gaming operator Estoril Sol announced plans to dismiss 113 workers at its Estoril Casino on the outskirts of Lisbon, blaming the effects of the economic downturn in the gaming sector. The Casino said 'it had exhausted all possibilities to reduce costs through economies of scale' and the redundancies would cost about 6 million euros. The unions opposed the decision with a series of strikes.
Eurofound (2010), Estoril Sol, Internal restructuring in Portugal, factsheet number 71447, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71447.