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-based IT services company Nordcloud, a subsidiary of IBM, has announced that it will create about 2,300 new jobs worldwide by the end of 2023. Assuming a constant pace of recruitment, we could expect around 770 jobs created by mid-2022.
In September 2021, the company announced a plan to recruit 100 people in Finland in 12 months, and it will also create new jobs in other European units located in Sweden, Denmark, Norway, the Netherlands, the UK, Poland, Germany, Austria and Switzerland. Nordcloud has also established Nordcloud Academy to train future cloud professionals.
Nordcloud operates in cloud implementation, application development, managed services and training. In December 2020, Nordcloud was acquired by IBM. The company operates in 10 European countries, employing over 700 staff.
Eurofound (2021), Nordcloud, Business expansion in World, factsheet number 105391, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105391.