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 information technology company Rocket Software has opened a new development centre in Vilnius and plans to create around 200 new jobs there by the beginning of 2023. The company officially opened its development centre in Vilnius on 22 September 2021. The company has plans to hire more than 200 engineers and programmers in the coming two years. Rocket Software plans to actively cooperate with local universities by creating joint study modules designed to educate future software developers in the country.
Rocket Software is a software development firm founded in Boston in 1990. The company employs over 1,500 professionals worldwide. The company offers software tools in the areas such as business intelligence, storage, networks, security, database applications, etc.
Eurofound (2021), Rocket Software, Business expansion in Lithuania, factsheet number 105274, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/105274.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
