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.
Citibank, a subsidiary of Citigroup financial services company, has announced plans to create 100 new jobs in Olsztyn. The company believes that its development in Olsztyn is closely linked to the development of the city and the region, and it intends to support this growth by expanding its workforce in the area by the end of 2023. Citi has been recruiting for a number of years across a range of functions and businesses, including technology, transaction banking, anti-money laundering, onboarding new clients, markets and securities services, risk management, finance. These roles provide services to a number of Citi offices around the world
Citi is now one of the largest employers in the city. The entire capital group, consisting of two companies - Citi and Citi Handlowy - employs a total of around 1,870 people in Olsztyn.
For previous restructuring of CitiGroup in Poland, see: CITI-2019-PL, CITI-2019-PL, CITI-2017-PL.
Eurofound (2023), Citibank, Business expansion in Poland, factsheet number 108670, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108670.
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...
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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...
