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.
Lenzing, an Austrian fiber manufacturer, announced a total of 600 job cuts in Austria, with 300 administrative positions to be eliminated immediately (250 by the end of the year) and a further 300 over the next two years. Lenzing processes wood into pulp and produces fibers for the fashion, trade, industry, cosmetics, and hygiene sectors. The company cites the need to make administrative functions leaner and more efficient as the main reason for the restructuring, aiming for annual savings of at least €25 million from 2026 and €45 million by the end of 2027.
The second wave of job cuts is "just a relocation," the company emphasized to strengthen the international presence in Asia and North America.
"The result is high relocation costs and quality problems," said SPÖ state chairman Martin Winkler, critically viewing the planned relocation of administration to India.
"From the perspective of the state of Upper Austria, it is now a priority that the social plan negotiated with the works council benefits all affected Lenzing employees accordingly," emphasized Economic Councillor Markus Achleitner (ÖVP), stating that the state is ready to support within the framework of its location program for work in Upper Austria.
The main shareholder of Lenzing AG is the domestic industrial holding B&C, which holds 37.25 percent.
Eurofound (2025), Lenzing, Offshoring/Delocalisation in Austria, factsheet number 204015, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204015.