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.
Finnish stainless steel company Outokumpu is to create 100 new jobs in its newly established global business service centre in Vilnius by the end of 2017. The global service centre was officially opened on March 22, 2017. Currently the centre employs around 80 employees. According to the management, some of the supporting operations of the company will be centralised in Vilnius. The centre will provide financial management, IT, credit control, procurement and other services to the company. Outokumpu has its headquarters in Finland and currently employs around 11,000 people worldwide.
Eurofound (2017), Outokumpu, Business expansion in Lithuania, factsheet number 90566, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90566.