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 multinational company Kodak, specialised in the manufacture of photographic products, has announced the closure of its laboratory in Vienna by the end of July 2004. Thus, all 175 workers employed at this site stand to lose their jobs. Due to the boom of digital photography which has arisen in recent years, the traditional development of pictures based on analogous technique does not pay any more. The 175 employees concerned will be covered by a social plan which is currently being drawn up.
Eurofound (2004), Kodak, Closure in Austria, factsheet number 60343, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60343.