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.
Ryanair, an Irish airline company operating at the Vienna International Airport in Schwechat, Lower Austria, expands the winter flight schedule, creating 600 new jobs. Aiming at growth and an upturn in tourism Ryanair-CEO Michael O'Leary announced an "record winter flight schedule", usually starting from October 2022, extended by eight destinations, 17 new planes stationed in Vienna and 600 additional flights per week. The company has invested 1,7 billion dollars in the Vienna-Schwechat site for this purpose.
Ryanair has a total of 17,268 employees and a turnover of 8,4 million euros (as of March-April 2020).
Eurofound (2022), Ryanair, Business expansion in Austria, factsheet number 107432, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107432.