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.
A subsidiary of UniCredit based in Vienna, UniCredit Services, is to be closed by the end of the year. All its 280 jobs will be lost.
The division in Vienna is going to be outsourced to Romania and Italy. Employees have been offered relocation options to Italy, and some have already transferred to the Bank Austria branch, while the remaining staff will remain until the end of 2024.
The company has registered the employees for dismissal in the early warning system of the Austrian Public Employment Service. The company's spokesperson stated that they are in dialogue with the works council.
According to a UniCredit spokesperson, UniCredit Services is an IT company that is being dissolved as part of the company's digital transformation, which aims to simplify processes, phase out legacy IT systems and shift to modern technologies and infrastructure.
Eurofound (2024), UniCredit Services, Offshoring/Delocalisation in Austria, factsheet number 200765, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200765.
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