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.
Daimler Truck, a German automotive company, announced the closure of its Lisbon technology centre tb.lx, resulting in 100 job cuts.
The affected unit is the digital services hub that supported connectivity and software development for the company's trucks, located in Lisbon, Portugal. The decision was framed as a strategic shift to focus more intensely on Daimler Truck's IT strategy, rather than a response to financial distress or market downturns.
Employees were informed of the decision during a company meeting and will receive transition support, including compensation upon termination. The centre's operations will continue until 31 March 2027.
Eurofound (2026), tb.lx, Closure in Portugal, factsheet number 301042, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301042.