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.
On 2 March 2009 the Germany-based construction material manufacturer Knauf announced that is to close part of its plant in Ferndorf, Carinthia with the loss of 109 jobs. The business division of mineral wool production (i.e. an insulating material) at the Ferndorf site will also be closed down due to major sales problems. A social plan has already been prepared and the parties involved are negotiating the terms of a planned re-employment scheme.
Eurofound (2009), Knauf Insulation, Closure in Austria, factsheet number 68597, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68597.