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.
Irish low-cost airline Ryanair has announced that it is to open a base at Palma airport in March 2012. This will result in the creation of 250 direct jobs at the Palma base and up to 3,000 indirect jobs in the Balearics. The new operating hub will operate 47 routes (of which 17 are new) and transport 2.8mn passengers per year.
This is part of Ryanair's European expansion plans to create 1,000 jobs in 2012 (see here).
Eurofound (2012), Ryanair, Business expansion in Spain, factsheet number 73350, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73350.