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.
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.
Eurofound (2012), Eason, Internal restructuring in Ireland, factsheet number 73096, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73096.