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 software development company Coherent Solutions is to create around 174 new jobs in Vilnius by December 2024. On 3 June 2022, the company officially opened a full-scale software development centre in Vilnius which employs 126 employees. The centre in Vilnius will host cross-functional software teams. Coherent Solutions plans to invest more than €6.5 million in Lithuania and will increase the number of employees in Vilnius to 300 over the next three years.
Coherent Solutions is a custom software development company providing custom software products and consulting services. The company has more than 1,400 employees working in its headquarters in Minneapolis as well as in its European offices in Sofia and Minsk, and Brest. The company started its operations in Vilnius in December 2020.
Eurofound (2022), Coherent Solutions, Business expansion in Lithuania, factsheet number 107253, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107253.
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...
