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.
GE Money Bank, provider of financial products, is to dismiss about 155 people by the end of March 2012. The downsizing will affect support service divisions and managerial positions. The firm, facing international competition, wants to increase effectiveness at the global market.
GE Money Bank, a division of multinational conglomerate General Electric, currently employs about 2,600 people.
Eurofound (2012), GE Money Bank, Internal restructuring in Czechia, factsheet number 73188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73188.