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.
Revolut, a British fintech company that provides a range of financial services online, is to create 100 new jobs in Vilnius by the end of 2021, where it will be expanding its banking, financial crime and money laundering prevention and customer service teams.
The company opened its office in Vilnius in 2017 and was rapidly expanding since then. Currently Revolut employs around 200 employees in its Vilnius office. According to the management, the Vilnius team is responsible for accelerating the ambitious growth of Revolut in Europe. In total, the company has plans to hire around 1,000 sales professionals in different countries (Lithuania, Poland, Spain, Portugal, France, the United Kingdom and the United States).
Revolut is a global financial platform that offers different banking products – insured deposit accounts, credits, currency exchange, cryptocurrency exchange, peer-to-peer payments, and others. It has around 15 million customers worldwide, 300,000 of them in Lithuania.
Eurofound (2021), Revolut, Business expansion in Lithuania, factsheet number 104422, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/104422.
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...
