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.
TikTok UK, the British subsidiary of the China-based multinational internet technology company ByteDance, has created 117 new jobs in London.
The new roles mainly include software developers as well product managers. The recruitment process is already ongoing, and some of the vacancies are advertised on TikTok's career website.
The reasons at the basis of the business expansion of TikTok in the UK rely on the increasing popularity of its video sharing app among teenagers, also in Europe. In 2019 it has surpassed a billion app downloads worldwide, with an estimated number of monthly active users of 625 million.
TikTok is a video-sharing social networking service owned by ByteDance, a Chinese company founded in 2012. Its app is available in over 150 markets and in 75 languages.
Eurofound (2020), TikTok UK, Business expansion in United Kingdom, factsheet number 100735, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100735.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
