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.
Car component supplier EKB has announced the relocation of its production plant from Braunau, Upper Austria, to Romania resulting in 300 job cuts. At the moment, 700 people are employed at the company's site in Braunau, whereof 300 production workers will be dismissed. The company spokesman named the inability to enlarge the production capacity at the current site as a reason for the relocation. The remaining parts of the company's site in Braunau will be converted to research and developement. A redundancy programme has been elaborated. There will be considerable support for the employees, the company has stated.
Eurofound (2022), EKB, Offshoring/Delocalisation in Austria, factsheet number 106674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/106674.