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.
The Italian company doBank, active in the financial services sector and, more specifically, in the management and recovery of non-performing loans on behalf of banks and industries, announced redundancies for 160 out of its 1,214 employees.
Redundancies will take place through mandatory early retirements and collective dismissals.
The company's decision provoked a rupture in the negotiations with trade unions, which defined doBank's behaviour as not in line with the sector's industrial relations tradition, and announced they will oppose this decision.
Eurofound (2019), doBank, Internal restructuring in Italy, factsheet number 97578, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97578.