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.
Interbanca, a commercial bank which assists medium sized companies, is to cut 144 jobs in Italy by the end of 2009. The job-cuts are included in a reorganisation plan announced by the company in June 2009. The trade unions have announced some industrial action over the next few months.
Interbanca belongs to the GE Capital. General Electric (GE) is a global infrastructure, finance and media company. It currently employs 285 workers in Italy.
Eurofound (2009), Interbanca, Internal restructuring in Italy, factsheet number 69200, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69200.