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.
R1 RCM (former Intermedix Lithuania), a subsidiary of the US healthcare services group Intermedix Corporation, is to dismiss around 175 employees in its service centre in Kaunas in 2020. Such information was provided by the Lithuanian Employment Service. In 2018, Intermedix’s healthcare division was acquired by R1 RCM, one of the leading providers of technology-enabled revenue cycle management services. Intermedix’s subdivision in Kaunas took over the name of the new owner in 2019. However, after several months of operation, it was reported that R1 RCM made a decision to change the strategy in Lithuania and to reduce the scope of activities there. Later on 29th April 2020, the company informed that it would cease operations in Lithuania. Currently the service centre in Kaunas employs 234 employees. Earlier, in 2019 the company announced its plans to dismiss 300 employees in Kaunas.
R1 RCM is a leading provider of technology-enabled revenue cycle management services across hospitals, health systems and physician groups. The company has 32 branches in the United States, Great Britain, New Zealand and Lithuania and employs more than 2,500 workers worldwide.
Eurofound (2020), R1 RCM, Closure in Lithuania, factsheet number 100567, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100567.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
