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.
South Korean electronics manufacturer Samsung Electronics is to open a new call centre in Latvia where more than 100 people will be employed. The new call centre will provide services for Baltic and Scandinavian countries.
Samsung Electronics Baltics President Sangho Jo has explained that the factors underlying the choice of the location include lower labour costs in Latvia, the highly developed Internet infrastructure, and the good language skills of the Latvian workforce (i.e. Nordic languages, German, Russian, English). From the perspective of the company fluency in Russian is particularly important as Russia is a large market.
Eurofound (2011), Samsung Electronics Baltics, Business expansion in Latvia, factsheet number 72034, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72034.