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.
Vipps MobilePay, a Norwegian-headquartered mobile payment company, announced that it will close its Vilnius branch with 100 employees by the end of May this year. Currently, the company manages four technology centres in Oslo, Aarhus, Copenhagen and Vilnius. The management team of Vipps MobilePay decided to reduce the number of branches to three. This decision is not related to the efforts or results of Vilnius branch employees and is part of a broader organizational strategy, which aims to simplify and create a stronger company structure. The company has reportedly agreed on a partnership with Danske Bank in Lithuania, which will offer more than 40 Vipps MobilePay employees jobs with equivalent responsibilities and wages to what they currently have at Vipps MobilePay. For other employees, Vipps MobilePay is committed to providing comprehensive support, including cooperation with recruitment agencies and a faster application and candidate assessment process for all open positions at Danske Bank Lithuania.
Eurofound (2024), Vipps MobilePay Lithuania, Closure in Lithuania, factsheet number 201226, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201226.
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...
