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.
A US software company has announced that it will create 150 jobs at an international shared services centre in Cork. The development is supported by IDA Ireland.
Software company Quest has 100,000 customers worldwide and plans to use the Cork centre to manage the growth of its business outside the US.
The company was established in California in 1989 and has grown to employ almost 3,500 people worldwide, with annual revenues in the region of $0.75 billion. It is a specialist in the area of business information and network management software systems.
It already operates a sales office in Dublin, but it will use its new international shared services centre in the Citygate complex at Mahon in Cork to drive the growth of its business in markets outside the US.
Quest says it will recruit 150 people over the next three years in Cork, in the areas of finance, software development and renewal, and sales.
Eurofound (2011), Quest, Business expansion in Ireland, factsheet number 71455, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71455.
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...
