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.
ISG Technology, which was acquired by the UK based IT service provider Allvotec in 2019, will create 200 back-office and service desk jobs in its freshly acquired facility based in Sofia, Bulgaria. The decision is part of Allvotec's larger restructuring plan, attempting to achieve better cost-effectiveness and will involve the offshoring of 200 jobs from UK to Bulgaria.
Currently, 70 people are working at ISG in the Bulgarian capital.
Allvotec is UK's largest independent IT & Communications field services provider with 30 years experience of ICT services delivery – from pre-sales support to remote service delivery.
Eurofound (2020), ISG Technology, Business expansion in Bulgaria, factsheet number 100009, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100009.