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 British concern Pilkington, one of the world's largest manufacturers of glass products for the building and the automotive sectors, runs several smaller subsidiaries in Austria. Two of them, both specialised in the manufacture of glass and glazing products for building, will be closed down within an unspecified period. According to the management, 150 of about 600 workers employed in Austria thus stand to be dismissed. It claimed that worsening marketing conditions, involving a steep fall in prices over the recent years, would make the closure of the two sites inevitable.
Eurofound (2004), Pilkington Bauglas, Closure in Austria, factsheet number 60392, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60392.