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 Asian luxury hotels chain group Shangri-La plans to open its first hotel in Vienna late in 2009, as it was announced on 5 July 2007. Shangri-La recently signed a long-term contract with an Austria-based construction company which will allow the hotel chain group to use historical premises for operating a five-star luxury hotel located in a premier city address. The new building will have 207 rooms and create more than 300 new jobs.
Eurofound (2007), Shangri-La, Business expansion in Austria, factsheet number 65586, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65586.