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.
A US software company has announced that it will create 150 jobs at an international shared services centre in Cork. The development is supported by IDA Ireland.
Software company Quest has 100,000 customers worldwide and plans to use the Cork centre to manage the growth of its business outside the US.
The company was established in California in 1989 and has grown to employ almost 3,500 people worldwide, with annual revenues in the region of $0.75 billion. It is a specialist in the area of business information and network management software systems.
It already operates a sales office in Dublin, but it will use its new international shared services centre in the Citygate complex at Mahon in Cork to drive the growth of its business in markets outside the US.
Quest says it will recruit 150 people over the next three years in Cork, in the areas of finance, software development and renewal, and sales.
Eurofound (2011), Quest, Business expansion in Ireland, factsheet number 71455, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71455.