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.
Permanent TSB has announced 120 redundancies in a bid to cut costs as part of a restructuring scheme which will see bank reduce its number of branches from 103 to 92. Under the voluntary redundancy offer, affected staff will receive 7.25 weeks pay for each year of service to the bank. In 2008, the bank offered staff paid career breaks in an effort to cut costs.
Eurofound (2009), Permanent TSB, Internal restructuring in Ireland, factsheet number 69956, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69956.