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.
OpenText, a Canadian technology company specializing in data management and cybersecurity, announced an €105 million investment that will create 400 highly-skilled jobs across its Cork and Galway sites in Ireland.
The expansion will add to the firm’s growing agentic AI, cybersecurity, sovereign cloud and digital operations capabilities serving European, Middle East and African markets. The new roles will be filled over the next three years, with the investment expected to conclude by 12 June 2029.
Public authorities are involved in the project, notably IDA Ireland, which supported the investment. The move strengthens Ireland’s position as a hub for advanced AI and secure cloud services, and marks the largest investment by a Canadian-based tech firm in the country. OpenText currently employs 275 staff at its Irish sites.
Eurofound (2026), OpenText, Business expansion in Ireland, factsheet number 300614, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300614.
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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