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.
Alufix, a producer of tinfoil, will shutdown its production site in Wiener Neudorf, causing 112 employees to loose their jobs. The company went bankrupt three years ago, but was saved by an Austrian investor. As a company spokesman has stated that the new owners were optimistic back in 2019. However, consequences of the COVID-19 pandemic, increasing commodity prices and unfavourable market developements have made a continuing operation unbearable.
The union has requested a search for new investors to take over the bankrupt company.
Eurofound (2022), Alufix, Bankruptcy in Austria, factsheet number 106556, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106556.