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.
German IT company, T-Systems Slovakia, is expanding its business and offering 300 new jobs for IT specialists in Kosice. The company opened its Business Service Centre in 2006 and in the last decade it has become the second largest centre for shared business services in the country. The company is developing fast and currently employs about 3,850 workers. According to company spokesperson Barbora Ruscin, one of the competitive advantages of being based in Kosice is that schools in the region produce a highly qualified IT workforce. Nevertheless, it is not easy to find some hundreds of IT specialists in the local labour market in a short time. Therefore, T-Systems is also trying to attract Slovak IT workers from the Czech Republic, where thousands of IT workers are Slovak nationals. Apart from a competitive salary and a relocation package of €50,000, T-Systems is offering employment benefits such as home-working, extra holiday allowance and IT training.
Eurofound (2016), T-Systems, Business expansion in Slovakia, factsheet number 89649, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89649.
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...
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