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.
Vinted, the clothing exchange and sale platform, is to create 400 new jobs in Vilnius in 2021. The company will be mainly looking for programming and technology specialists, product and design experts and announced it will also hire 200 employees in other countries. At the time of announcement, the company employs 563 people in Lithuania.
In 2019, the company attracted €128 million venture capital investment and became Lithuania's first start-up company valued at over €1 billion. Recently the company has moved to a new office and plans to further expand in the following 1-2 years.
Vinted is a Lithuanian start-up offering an online marketplace where users can sell, buy and swap second-hand clothing. With its headquarters in Vilnius, the company also has offices in Berlin and Prague.
Eurofound (2020), Vinted, Business expansion in Lithuania, factsheet number 102929, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102929.
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...
