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.
German IT company, T-Systems Slovakia, is expanding its business and offering 300 new jobs for IT specialists in Kosice. The company opened its Business Service Centre in 2006 and in the last decade it has become the second largest centre for shared business services in the country. The company is developing fast and currently employs about 3,850 workers. According to company spokesperson Barbora Ruscin, one of the competitive advantages of being based in Kosice is that schools in the region produce a highly qualified IT workforce. Nevertheless, it is not easy to find some hundreds of IT specialists in the local labour market in a short time. Therefore, T-Systems is also trying to attract Slovak IT workers from the Czech Republic, where thousands of IT workers are Slovak nationals. Apart from a competitive salary and a relocation package of €50,000, T-Systems is offering employment benefits such as home-working, extra holiday allowance and IT training.
Eurofound (2016), T-Systems, Business expansion in Slovakia, factsheet number 89649, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89649.
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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