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 Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62 - Computer programming, consultancy and related activities
100 jobs Number of planned job creations
Announcement Date
27 December 2017
Employment effect (start)
1 February 2018
Foreseen end date
31 December 2018
Description
The US company Devbridge LT engaged in software development intends to create 100 new jobs in Kaunas in 2018. According to the management, the company will move to new premises in Kaunas in February and will increase its team to 400 employees by the end of the year. Currently Devbridge LT employs 250 employees in its Kaunas office.
It was announced in 2016 that Devbridge LT would have increased the number of employees in Kaunas from 100 to 300 employees (see DevbridgeLT2016-LT).
Devbridge LT develops software and provides support for other businesses. Their digital products include mobile apps, websites, portals and e-commerce services.
Sources
27 December 2017: 15min.lt
Citation
Eurofound (2017), Devbridge LT, Business expansion in Lithuania, factsheet number 92905, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92905.
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.
