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.
On 5 January 2011, Česká spořitelna, the largest retail bank in the Czech market and a member of Austrian Erste Bank Group, announced plans to dismiss 550 employees in the first quarter of 2011 in order to increase effectiveness. The bank currently employs 10,800 people in the Czech Republic.
Eurofound (2011), Česká spořitelna, Internal restructuring in Czechia, factsheet number 71384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71384.