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.
Transportation / Storage 49 - Land transport and transport via pipelines 49.3 - Other passenger land transport 49.3 - Other passenger land transport
1,000 jobs Number of planned job losses
Announcement Date
28 April 2004
Employment effect (start)
1 July 2004
Foreseen end date
Description
In 2003, Austria's largest bus operator, the state-owned post-bus company, Postbus, was sold to the Austrian Federal Railways (ÖBB), which runs its own bus fleet (Bahnbus). Due to statutory commitments, ÖBB has been obliged to realise a merger of the two bus operators concerned by 1 July 2004 and then to dispose of one-third of the new Post-/Bahnbus company to private competitors. According to management, this will endanger 1,000 of the then 4,400 employees. 400 of them are expected to be taken over in the course of the partial privatisation.
Sources
29 April 2004: Der Standard
Citation
Eurofound (2004), Postbus, Merger/Acquisition in Austria, factsheet number 60342, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60342.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...