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.
GoStudent, a Viennese Start-up that offers platform-based tutoring, announced job cuts in the beginning of 2023 shorty before Christmas due to poor economic environment. The company itself does not give concrete numbers, but the trade union states that about 200 of 490 employees have been exempted until January 13th, 2023. The employees were offered a termination by mutual agreement. Barbara Teiber, the chairwoman of the trade union GPA states that the company is missing a works council and therefore no social plan was negotiated. In a written statement, Felix Ohswald from GoStudent confirms planned job cuts, because "the purchasing power is at a record low". Due to restructuring measures, first steps have been initiated. Parts of the company are going to be outsourced and operated from Turkey with temporary workers.
Eurofound (2022), GoStudent, Offshoring/Delocalisation in Austria, factsheet number 108338, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108338.