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.
IBM International Services Centre is a subsidiary of IBM Slovensko, and one of the largest employers in the segment of shared services for IT. It serves the IBM headquarters as well as other subsidiaries, providing services for accounting, data processing, management of internal IT systems, consulting and marketing. It employed 3200 people in 2022.
The company announced that it plans to layoff of 188 employees from their site in downtown Bratislava. This is due to economic reasons, with the main goal being to saving resources. IBM’s Global CEO stated that the company will not hire new employees for the positions, which can be replaced by Artificial Intelligence systems.
The Layoffs should be completed by the end of October 2023.
Eurofound (2023), IBM International Services Centre, Internal restructuring in Slovakia, factsheet number 200383, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200383.
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...
