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.
The Constellation Automotive Group, a UK used-car marketplace, has inaugurated a new Tech Hub in Coimbra, Portugal, as part of its expansion strategy. The group wants to work in collaboration with universities, organisations and start-ups in the region to pursue its objective of innovating in the automotive sector.
The hub has already has 50 employees, but 100 more workers will be recruited by the end of the year. Operations, design, product, cybersecurity, and engineering are the main areas of work. The Tech Hub offers hybrid work and flexible shcedules.
The final target is to hire 250 workers within three years.
Eurofound (2024), Constellation Automotive, Business expansion in Portugal, factsheet number 201296, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201296.