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.
The US company EPAM Systems, one of the leading providers of digital platform engineering and software development services, is to create around 600 new jobs in Vilnius by October 2025. The company has announced the intention to open a new office in Vilnius and to hire approximately 600 highly qualified engineers in the next five years. The company is planning to actively collaborate with Lithuanian universities – it has plans to develop a number of professional training programs to help grow the supply of IT professionals in Lithuania.
EPAM Systems was established in New Jersey in 1993. The company currently employs around 36,400 employees worldwide and its global teams serve customers in more than 30 countries across North America, Europe, Asia and Australia.
Eurofound (2020), EPAM Systems, Business expansion in Lithuania, factsheet number 102221, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102221.