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 US company Devbridge LT, specialised in software development, intends to create at least 200 new jobs in Vilnius by the end of 2025.
According to the management, Devbridge LT is growing on average by 30% annually, and since the start of the COVID-19 pandemic demand for digitised solutions has increased. Currently the company employs 417 employees and plans to move to a new office in 2022.
Devbridge is the US software developer creating innovative custom digital products for their clients in the financial services, manufacturing, and technology sectors. Headquartered in Chicago, the company employs more than 500 employees at five global offices in four countries. It has branches in Chicago, Toronto, Kaunas, Vilnius, Klaipėda and London. Devbridge LT has been operating in Lithuania since 2011, when it established its first office in Kaunas.
Eurofound (2020), Devbridge LT, Business expansion in Lithuania, factsheet number 102752, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102752.
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...
