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 Lithuanian branch of Denmark-based Danske Bank cutting 114 jobs, which is about 2% of the jobs created in Lithuania. The organisational changes at Danske Bank are driven by the intensive automation and digitalisation of previously manual activities and the consolidation of certain functions. In addition, several major projects that have been carried out within the company over the past few years have been completed, and significant investments in technology, data, and artificial intelligence are changing the competencies and team structures required for this.
This change will affect employees in Lithuania – daily banking operations specialists, analysts, and team leaders. In the coming weeks, efforts will be made to offer these employees alternative positions within the bank. Danske Bank currently has around 100 vacancies for internal candidates in Lithuania, and retaining talented colleagues remains one of its top priorities. If this solution is not possible, employees will be provided with professional assistance in finding new jobs on the market.
Lithuania is Danske Bank's second largest location, employing almost a quarter of the bank's total workforce. The bank is the third-largest private employer in Lithuania, with 4,790 employees. Danske Bank is cutting another 306 jobs in other countries, bringing the total to 420. The majority of these jobs are in Denmark and Lithuania.
Eurofound (2026), Danske Bank, Internal restructuring in Lithuania, factsheet number 204300, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204300.
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...
