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.
Tech Mahindra, an Indian provider of technology consulting and digital solutions, opened a Business Processing Services (BPS) centre in Riga, Latvia and will employ around 500 professionals. Media informs, that according to the company, entering the Baltic States is an important part of Tech Mahindra's long-term strategy to provide innovative technology solutions worldwide. The expansion of business processing services in Latvia will strengthen Tech Mahindra's presence in Europe, giving local and regional customers direct access to the company's wide range of services.
Tech Mahindra opened several vacancies in preparation for the opening of the centre. Customer support professionals with Dutch, Swedish, German, Finnish, Norwegian, Danish and Polish language skills are being recruited, as well as team coordinators, team leaders and quality analysts. The vacancies are open to candidates with basic computer skills and good problem-solving skills, focused on a customer-oriented approach.
Tech Mahindra’s global workforce is over 145,000 employees across more than 90 countries. Tech Mahindra is part of the Mahindra Group.
Eurofound (2024), Tech Mahindra, Business expansion in Latvia, factsheet number 201363, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201363.
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...
