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 Spanish Bank BBVA is planning to hire 1,100 new technology and data professionals in 2025.
According to the Bank, digitisation has been a cornerstone of its strategy for over a decade, which involved transforming processes and technology. The Bank has thus added 10,100 new technology and data professionals to its workforce over the past three years, primarily engineers, mathematicians, experts in artificial intelligence, cybersecurity and data management, among other digital specialities. The new hires will bring the total workforce dedicated to these functions to 20,000 people, representing approximately 16% of the Bank's current total workforce.
The most sought-after profiles in the engineering area continue to be software developers and data engineers, followed by specialists in security, infrastructure and architecture. In this strategy to strengthen technological talent, BBVA did launch a new global Software Development division at the end of 2021, and in 2023, the Bank launched the ONE project, in which engineers work in a more collaborative, coordinated way and sharing the best practices of the Bank and the industry.
In 2024, BBVA hired 3,908 people with STEM ('Science, Technology, Engineering, Mathematics') or Engineering and Data profiles, of which 1,259 new hires were in Spain BBVA-2024-ES. In 2022, BBVA also hired new personnel BBVA-2022-ES
Eurofound (2025), BBVA, Business expansion in Spain, factsheet number 202269, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/202269.
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...
