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.
Österreichisches Verkehrsbüro, Austria's leading tourism company, has cut about 100 out of 3,100 jobs across the country since the beginning of 2009 by non-filling its vacant posts. This personnel policy is part of a thorough-going cost savings programme launched in response to dramatic reductions in travel bookings since the beginning of the economic downturn. This was revealed by the company's CEO, Harald Nograsek, in mid-April 2009. At present, it is unclear when the policy of non-filling vacant positions will be terminated.
Eurofound (2009), Österreichisches Verkehrsbüro, Internal restructuring in Austria, factsheet number 68993, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68993.