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 Estonian-capital bank Luminor is to create 100 new jobs in Vilnius. Some of the positions will be customer service consultant, senior operational risk analyst, and project manager. The company has also announced to be ready to employ Ukrainian refugees. It plans to approach local organisations coordinating employment for refugees with the full list of vacancies and guidance on the application process. To support Ukrainian refugees, Luminor Bank is also providing several banking services for free, including account opening and a Debit card free of charge for 3 months in all Baltic states.
Currently Luminor Bank employs 965 employees in Vilnius.
Luminor Bank is the third largest bank in the Baltic States; it is headquartered in Estonia. On 2 January 2019, Luminor has completed the cross-border merger of the banks and since then continues its operations in all Baltic countries through Estonian bank and its registered branches in Latvia and Lithuania.
Eurofound (2022), Luminor Bank, Business expansion in Lithuania, factsheet number 106528, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/106528.
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...
