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.
Western Union, a company operating in international money transfer services, is expanding its activities in Lithuania and will create around 300 new jobs in the European Regional Operational Centre in Vilnius over the next 18 months. The company is implementing a new global strategy aimed at meeting increasing demand from global consumers and businesses for fast and reliable cross-border money transfer and payment solutions. Western Union intends to hire specialists with skillsets in digital business and cross-border platform expansion, intelligent automation, finance and accounting, compliance operations and other functions. Currently the company employs 1,849 employees in Vilnius.
Western Union was established in Vilnius in 2010 and its site in Vilnius is the largest company’s site worldwide.
Eurofound (2019), Western Union, Business expansion in Lithuania, factsheet number 99020, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99020.
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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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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