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.
Around 100 temporary agency workers, currently employed at the Villach main production site of Infineon Technologies Austria, stand to lose their jobs by the end of March 2008. The regular workers will not be affected by the redundancies. The company, a well-performing subsidiary of the worldwide operating Infineon Technologies, specialised in semiconductor industry for car electronics, has long proved a beneficiary of worldwide company restructuring. During the last years, the company’s overall workforce across the country has continuously increased, standing at some 2,900 in March 2008. However, declining demand of the automobile industry for electronic chips, along with dropping prices of personal computers, has forced the company to reduce production capacities in 2008.
Eurofound (2008), Infineon Technologies, Internal restructuring in Austria, factsheet number 66434, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66434.