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.
Critical Techworks, a joint venture between Critical Software and BMW, plans to create 100 job positions by the end of 2019 and around 500 positions by the end of 2020. The company is looking for software engineers, cybersecurity experts, mobile app developers, data engineers and scientists. The partnership between the tech company and the car manufacturer has already allowed the joint venture to acquire a new facility with a total area of 10,000 square metres in Porto.
The company aims at developing and building the car of the future, with technologies like autonomous driving, infotainment, intelligent driving assistants and electrification. Currently the company has more than 500 workers.
Eurofound (2019), Critical Techworks, Business expansion in Portugal, factsheet number 98599, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98599.