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.
The Romanian subsidiary of Volksbank announced collective dismissal of 170 employees as a part of the restructuring plan approved in 2012.
The measure was motivated by reported substantial financial losses in 2011. The dismissed employees will receive compensation payments.
At the end of 2011 Volksbank Romania employed 1,467 people.
Eurofound (2012), Volksbank Romania, Internal restructuring in Romania, factsheet number 74080, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74080.