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.
Wholesale / Retail Retail trade Retail sale of cultural and recreational goods 47.61 - Retail sale of books
150 jobs Number of planned job losses
Announcement Date
7 February 2012
Employment effect (start)
12 March 2012
Foreseen end date
Description
It is reported in the Irish Times that Irish-owned book and stationery retailer Eason has concluded agreement with employees and their representatives on a cost reduction plan, which is expected to result in about 150 voluntary redundancies.
As part of this cost reduction plan, the company has also decided to close a store in north inner city Dublin on March 12th. The store's 12 staff will be offered redeployment, and can also choose to accept the redundancy terms on offer: five weeks pay for every year of service, including their statutory redundancy entitlement. The severance terms are capped at a maximum of €100,000.
Eason employs about 1,000 staff in the Irish Republic.
Sources
8 February 2012: The Irish Times
Citation
Eurofound (2012), Eason, Internal restructuring in Ireland, factsheet number 73096, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73096.
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