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.
Online payments system PayPal will relocate 131 roles from Ireland to other countries following a review of its operational needs. The roles impacted are mainly in the company's operational teams, with 72 jobs in Dundalk and 59 in Dublin. The affected staff have been informed of the plan.
The company is offering voluntary redundancy, with enhanced redundancy and support packages, it said in a statement. The company also pointed out that the decision would be subject to consultation. If the change proceeds, the company will have some 2,700 employees in its Irish sites.
For previous restructuring events, see PayPal-DE-2019, PayPal-IE-2016, PayPal-IE-2014, PayPal-IE-201108, PayPal-IE-201102, and PayPal-IE-2009.
Eurofound (2021), PayPal, Offshoring/Delocalisation in Ireland, factsheet number 104726, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104726.