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.
According to different, contradictory media reports, the forge specialist Krenhof Schmiedetechnik has, in February 2009, cut in between 44 and one-third of its current 280 employees, both core staff and temporary agency workers. The automotive supplier has had to face a drop in order intakes by up to 75 percentage points in recent times. Currently, the whole workforce is taking compulsory leave. No more information has been reported thus far.
Eurofound (2009), Krenhof Schmiedetechnik, Internal restructuring in Austria, factsheet number 68261, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68261.