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.
Ireland's state rail company, Iarnrod Eireann (Irish Rail) has announced up to 450 redundancies over the next four years. The redundancies, which the company says are part of a cost containment programme aimed at reducing a deficit of €45.3m, constitute nearly 11% of the organizations' labour force. The implementation will take place starting on 9 July 2012.
Staff also face cuts in sick leave entitlements, subsistence allowances, and overtime under the restructuring plan.
Since 2002, staff numbers have fallen by a third to 4,100. Iarnrod Eireann has opened a voluntary redundancy scheme aimed at achieving the 450 redundancies required over the next four years.
Eurofound (2012), Iarnrod Eireann, Internal restructuring in Ireland, factsheet number 73772, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73772.