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.
Banking group Eurobank has announced a new plan of voluntary redundancies, applications for which start on 22 January 2018 and concludes on February 2. The plan provides compensation of up to 50 months of salary for older workers. It targets the exit of 500-600 people and is intended to reduce operating costs. Alternative possibilities include part-payment of salary for departing workers over period of 2-3 years.
Eurofound (2018), Eurobank , Internal restructuring in Greece, factsheet number 93199, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93199.