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.
Some 150 out of about 400 employees currently engaged at the Philips production site in Klagenfurt (Kärnten) stand to lose their jobs by the end of 2006. According to a press officer of the Philips Austria concern, this plan is due to increasing labour costs at the site. In response to increasing competitive pressure, the series production of electrical toilet requisites will be relocated to Eastern European and Asian Countries. The Klagenfurt production site will thus be completely closed down, while a small innovations and competence centre in the area of healthcare and wellness is planned to be set up. All other 250 workers involved in administrative and product development tasks will not be hit. Regional representatives of the Austrian Trade Union Federation have urged the management to start negotiations on a social plan for the employees concerned.
Eurofound (2006), Philips Austria, Offshoring/Delocalisation in Austria, factsheet number 62889, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62889.
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