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.
Drinks manufacturer Diageo Ireland, which owns Guinness, announced plans in June 2009 to cut 107 jobs over the following three months. The company attributed the job cuts to a global restructuring programme aimed at cutting costs in the context of the global economic downturn. The plan - which will cut more than 5% of the company's Irish workforce of 2,000 - was to take effect over the next three months across a number of areas, including support functions, sales and marketing. The company added that the restructring was required to maintain a sustainable and competitive business in Ireland.
Eurofound (2009), Diageo Ireland, Internal restructuring in Ireland, factsheet number 69928, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69928.