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.
In September 2006, it was reported that India's No.2 software company Infosys Technologies, operating in the Czech Republic since September 2005, was expanding its facility in Brno to boost its ability to deliver services to European customers. The expanded facility was to employ 350 people by January 2007.
On 25 April 2007, the company announced, that the current staff of 200 people is being doubled. Infosys with 400 staff in Brno will deliver business process outsourcing services such as sales order management, finance and accounts, market research and underwriting for clients in 16 European countries.
Eurofound (2006), Infosys Technologies, Business expansion in Czechia, factsheet number 64148, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64148.