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.
Information / Communication Computer Programming, Consultancy And Related Activities Computer Programming, Consultancy And Related Activities 62.02 - Computer consultancy activities
500 jobs Number of planned job creations
Announcement Date
11 September 2019
Employment effect (start)
Foreseen end date
31 December 2019
Description
Product engineering provider Cognizant Softvision announced the creation of 500 new positions in the role of creative technology specialists. The expansion is expected to involve the company's three centres in Bucharest, Iasi and Timisoara and to be completed by the end of 2019. The job creation is planned to meet the demand for digital development and transformation solutions used by leading financial services, insurance, retail and travel companies among others.
Cognizant Softvision has over 11,000 product, design and engineering specialists across a network of 30 studios in nine countries, spread over five continents. The company's global portfolio includes clients like Groupon, Macy's and Mozilla.
Eurofound (2019), Cognizant Softvision, Business expansion in Romania, factsheet number 98459, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/98459.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
