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.
Swedish telephone company and mobile network operator Telia is to create around 400 new jobs in its Service Centre in Vilnius by 2024. The majority of the new employees will be IT specialists – software developers, engineers, architects, data analysts and other professionals.
Currently Telia Global Services Lithuania employs 686 employees. According to the management, this will be the second largest development phase of the Service Centre since the establishment of the company in 2017. The number of employees in the Service Centre is expected to grow to around 1,300 in 2024.
On 1 February 2017, Teo, Omnitel and Baltic Data Center merged into one legal entity under the name Telia Lietuva. Currently Telia Lietuva employs 3,113 employees. Telia Lietuva is part of an international Telia Company Group operating in Nordic and Baltic countries.
Eurofound (2021), Telia Global Services Lithuania, Business expansion in Lithuania, factsheet number 105273, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105273.
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...
