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 20 February Dutch wholesale bank Kas Bank announced it will cut 100 out of 750 jobs. The restructuring is part of a cost cutting operation. One of the driving forces behind the step is persistently low interest rates. In March it will become clear which employees will be dismissed.
Eurofound (2014), Kas Bank, Internal restructuring in Netherlands, factsheet number 76648, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76648.