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.
Information / Communication Information Service Activities Digital Infrastructure Services 63.11 - Data processing, hosting and related activities
200 jobs Number of planned job creations
Announcement Date
18 March 2014
Employment effect (start)
18 March 2014
Foreseen end date
18 March 2015
Description
US-based global software development and IT consultancy services provider SoftServe is to open a software development centre in Sofia. 1,000 jobs are expected to be created in the next 5 years of which 200 ones within the next year. As announced, the expansion plan is part of the company’s corporate global strategy.
With a total workforce of 3,200 people in North America and West and Eastern Europe, the company provides outsourcing to many companies worldwide. As reported, the company made the strategic choice to expand in Bulgaria since it ranks highly worldwide in highly educated IT professionals.
SoftServe was founded in 1993 in Ukraine.Â
Sources
19 March 2014: Capital
18 March 2014: SoftServe (Press Release)
Citation
Eurofound (2014), SoftServe, Business expansion in Bulgaria, factsheet number 77383, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77383.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
