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.
Citi Solutions Center, a subsidiary of Citibank Europe, has announced that it will create 800 new jobs at its units in Warsaw and Olsztyn by the end of 2021. Following the business expansion in Warsaw, the company is to lease a new office space which is expected to be launched in the fourth quarter of 2021.
The company is a subsidiary of financial services company Citigroup, to which it provides financial, IT and human resources services for 96 countries all over the world. In Poland, the company has been operating since 2005; it has two other centres in Warsaw and Olsztyn employing 5,200 staff. Previous restructuring including creation of 300 jobs in Olsztyn was announced in October 2019 (Citi Service Center Poland2019 - PL).
Eurofound (2021), Citi Solutions Center, Business expansion in Poland, factsheet number 104770, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/104770.
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...
