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.
Agrana, an Austria-based concern which is active in the fruit, sugar and starch manufacture with a series of plants in Austria and abroad, will be closing two of its 11 sugar factories, one in Hohenau in the province of lower Austria (Land Niederösterreich) and one in Slovakia. At the Hohenau plant, 136 employees are to be made redundant by summer 2006, the companys supervisory board stated on 23 January 2006. The main reasons for restructuring are falling sugar prices and sizeable payments to the EU restructuring fund. From summer 2006 onwards, the Hohenau site will only be used as storehouse. Part of the employees affected by the redundancies will benefit from part-time work schemes for older employees. Moreover, a social plan shall be drawn up.
Eurofound (2006), Agrana Zuckerfabrik Hohenau, Closure in Austria, factsheet number 62849, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62849.