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 22 November 2010, Wolfgang Lux, the CEO of the Poloplast, announced a plant to increase its workforce by 60-70 people. The Upper Austrian company, which currently employs 260 staff members, is to invest EUR 20 million in its Leonding based headquarter, thus increasing its turnover from EUR 75 million to EUR 120 million and doubling its production capacity from 18,000 to 36,000 tons annually. By 2015, the company plans to employ 325 workers.
Poloplast produces plastic pipe systems, with a focus on building services, water supply and sewage systems. Besides Austria, its main markets are Germany, Italy and Scandinavia.
Eurofound (2010), Poloplast, Business expansion in Austria, factsheet number 71213, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71213.
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