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.
Challenger bank N26 opened their first office in Vienna, in October 2019, creating 100 jobs by the end of 2020. The jobs will specialise in online payment and data-driven security systems. The hub has already hired 15 employees and will continue recruiting in the coming year. In the long run, the company aims to increase the number of employees to 300. The choice for Vienna as a new hub location is justified by the convenient connectivity to the main branch in Berlin and by the high living standards in the city, by which they hope to attract international high-tech professionals, primarily from Central and Eastern Europe.
Although the business has been founded by Austrians, this will be the company's first office in the country.
Eurofound (2019), N26, Business expansion in Austria, factsheet number 98965, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98965.