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.
The German producer of heavy utility vehicles, MAN, runs two subsidiaries in Austria, one of them in Vienna. Due to a recent falling off of orders, the Viennese production site, specialised in heavy special-purpose vehicles, has been forced to curb its production during 2004. Thus, 220 of the current 870 employees will be laid off within the next weeks. They are offered the choice either to enter a re-employment scheme or to be indemnified by severance pay.
Eurofound (2004), MAN, Internal restructuring in Austria, factsheet number 60322, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60322.