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.
Easons, an Irish-owned books retailer, is to cut 150 jobs and put some staff on a four-day week from June 1st 2020. The company is attempting to reduce its costs by 30% in response to the reduction in revenue due to the closure of the shops during the Covid-19 lockdown. The move to online sales now amounts to 80% of the company's revenue but according to the mangement this is not enough to sustain company's costs such as premises rental costs.
Eurofound (2020), Easons, Internal restructuring in Ireland, factsheet number 102181, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102181.