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.
Coca-Cola HBC Ireland has announced the outsourcing of 130 jobs in its warehousing and distribution centres in Dublin, Galway, Waterford, Tipperary and Cork. The company has attributed the job losses to the "unsustainably high costs" involved in retaining their logistics operation in the Republic. The announcement sparked a bitter nine-week industrial dispute, which ended in November 2009, after Coca-Cola workers accepted the terms of a revised redundancy agreement. The agreed redundancy package amounts to seven weeks pay per year of service with a cap of €150,000, plus an additional lump sum payment ranging from €5,000 to €20,000 per individual, based on length of service.
Eurofound (2009), Coca Cola HBC Ireland, Outsourcing in Ireland, factsheet number 69805, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69805.