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.
In 2009, Wollsdorf Leder had to cut about 260 employees across its three Austrian production sites due to a decrease in orders by 40% as compared to 2008. As a first step in the restructuring process, staff was working short-time from January on, reducing their working hours by 20%. At the same time, the production site in Wilhelmsburg, Lower Austria, employing some 58 workers, had to be closed. Together with the social partners, a social plan was agreed, in order to avoid cases of hardship.
Eurofound (2009), Wollsdorf Leder, Internal restructuring in Austria, factsheet number 70679, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70679.