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.
An Indian call centre company has confirmed it will create 600 jobs in Londonderry over the next two years. Last month, ICICI OneSource announced it was creating more than 1,000 jobs shared between two centres in NI, one in Belfast. It has now announced the majority of the jobs will be going to Derry.
Government Development body Invest NI head Leslie Morrison said the two operations would 'deliver over £28m of wages and salaries by 2008 into the local economy'. Matthew Vallance, Managing Director of ICICI in Europe, said the city had a lot to offer.
'We have been impressed with the quality of the workforce, the enthusiasm of the local community and the interest they have shown in our company,' he said.
'Our new Londonderry facility will provide us with a solid foundation to support our long-term growth plans.'
It is thought the centre on Northland Road in the city will be operational by the end of the year. ICICI OneSource handles calls and administration for clients in the financial services, telecommunications and health care sectors. It is one of India's leading business process outsourcing companies, currently employing more than 8,000 staff at 10 centres in the US and India.
Eurofound (2006), ICICI OneSource, Business expansion in United Kingdom, factsheet number 63637, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63637.
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...
