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.
In the framework of a worldwide major restructuring process affecting its transportation division, the Canada-based multinational corporation Bombardier plans to cut 160 jobs at its production sites in Vienna and Wiener Neustadt in 2005. The two plants, which are specialised in the manufacture of light rail vehicles, currently employ some 670 workers. According to the corporation's management, in the long run the workforce at these plants is planned not to exceed a number of 400-450 employees. So far, the social partners have not managed to agree on a social plan.
Eurofound (2004), Bombardier Transportation, Internal restructuring in Austria, factsheet number 60801, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60801.