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.
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...
