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.
According to the Austrian newspaper ‘Die Presse' of 31 March 2005, the second largest domestic fixed-network telephony provider, UTA, has planned to lay-off at least 130 of its current 488 workers employed in Austria. The company, which was completely acquired by the Swedish Tele2 corporation in late 2004, aims to centralise and reorganise its structure by focussing production mainly in Vienna. As a consequence, most employees working in the provinces stand to lose their jobs. It remains unclear, however, whether some 50 additional temporary agency workers will be dismissed as well, the newspaper stated. Experts claim that the domestic telecommunications market is too small for real competition, since the former state-owned monopoly provider, the Telekom Austria, is still dominating the final wire line system.
Eurofound (2005), UTA, Internal restructuring in Austria, factsheet number 61322, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61322.