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.
Danske Bank, one of the biggest Scandinavian financial services providers, is to create at least 100 new jobs in its technology and service centre in Vilnius by the end of 2023. The company is rapidly expanding in Lithuania and currently employs 4,436 employees. According to the management, the number of the new staff could even reach 200 over 2023. The company will be looking for employees in technological positions, as well as employees with financial, customer service, data analysis competencies and who speak Scandinavian languages.
Danske Bank technology and service centre is a strategic site of the Danske Bank Group located in Vilnius, providing financial, IT and other business services to serve the bank's customers in the Nordic countries. The subsidiary in Lithuania develops banking products, services and ensures smooth day-to-day operations of the entire Danske Bank Group.
Eurofound (2023), Danske Bank, Business expansion in Lithuania, factsheet number 108351, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108351.
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...
