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.
Veneto Banca, an Italian banking group, is to cut 246 jobs by the end of 2013. The job cuts are included in a plan that envisages the merger between Veneto Banca, Banca Apulia and Carifa. The plan provides the closure of some branches and the job cuts will affect all three banks: the Veneto Banca (154 job-losses), Banca Apulia (69) and Carifa (23).
Veneto Banca group has around 6,000 employees.
Eurofound (2012), Veneto Banca, Merger/Acquisition in Italy, factsheet number 73913, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73913.
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