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.
Product engineering provider Cognizant Softvision announced the creation of 500 new positions in the role of creative technology specialists. The expansion is expected to involve the company's three centres in Bucharest, Iasi and Timisoara and to be completed by the end of 2019. The job creation is planned to meet the demand for digital development and transformation solutions used by leading financial services, insurance, retail and travel companies among others.
Cognizant Softvision has over 11,000 product, design and engineering specialists across a network of 30 studios in nine countries, spread over five continents. The company's global portfolio includes clients like Groupon, Macy's and Mozilla.
Eurofound (2019), Cognizant Softvision, Business expansion in Romania, factsheet number 98459, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98459.