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 Chinese-owned social media video app company TikTok is to recruit 200 new jobs in Ireland between November 2020 and February 2021. This will bring the company’s total employees in Ireland to over 1,100. The company employed just 20 people in the Republic of Ireland at the start of 2020. The majority of the new roles will be in the company’s new EMEA Trust and Safety Hub, with the remainder across a range of other units. The company is also planning to set up its first European data centre in Ireland with a €420m investment.
According to TikTok’s interim head reported in the Irish Times: “In less than a year, Ireland has rapidly become a vital centre for both our European and global operations. […] Its strong pool of skilled and diverse talent, booming digital and technology sector, and rich heritage of arts and culture, make it such an attractive base”.
The government said the expansion was proof that Ireland is a location of choice for technology innovators.
Eurofound (2020), TikTok, Business expansion in Ireland, factsheet number 102500, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102500.
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...
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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...
