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 Estonian-capital bank Luminor is to create 100 new jobs in Vilnius. Some of the positions will be customer service consultant, senior operational risk analyst, and project manager. The company has also announced to be ready to employ Ukrainian refugees. It plans to approach local organisations coordinating employment for refugees with the full list of vacancies and guidance on the application process. To support Ukrainian refugees, Luminor Bank is also providing several banking services for free, including account opening and a Debit card free of charge for 3 months in all Baltic states.
Currently Luminor Bank employs 965 employees in Vilnius.
Luminor Bank is the third largest bank in the Baltic States; it is headquartered in Estonia. On 2 January 2019, Luminor has completed the cross-border merger of the banks and since then continues its operations in all Baltic countries through Estonian bank and its registered branches in Latvia and Lithuania.
Eurofound (2022), Luminor Bank, Business expansion in Lithuania, factsheet number 106528, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106528.
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...
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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...
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