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.
Financial technology company Revolut has announced plans to double the size of its London workforce over the coming two years. As of October 2018, the company, which operates a cash transaction app, employs 200 people in London and a further 200 globally. The expansion has been made possible by the huge increase in turnover experienced in the previous year. Revolut is in the process of applying for an e-money licence in Luxembourg and it has already applied for a European banking licence in Lithuania in order to better manage any potential difficulties arising from Brexit.
Eurofound (2018), Revolut, Business expansion in United Kingdom, factsheet number 95639, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95639.