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.
Moeller, a global supplier of systems and components concerned with power distribution and automation in industrial, infrastructure and residential building applications, announced on 1 February 2008 that it is to create 250 new jobs by 2011 with the development of a new production plant in Ziersdorf in Lower Austria.
The building works will start on 1 April 2008. The first key components for protective switching systems will be in production in September 2008. In a first phase, the investment volume is €10 million and involves the creation of 60 jobs. An additional €12 or 13 million will be invested up to 2011 when the new site will employ 250.
The Moeller group is based in Bonn (Germany) and it is already operative in Lower Austria, where it runs an electronics company in Schrems which employs approximately 1,100.
Eurofound (2008), Moeller, Business expansion in Austria, factsheet number 66251, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66251.