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.
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Programming And Broadcasting Activities 60 - Programming and broadcasting activities
150 jobs Number of planned job losses
Announcement Date
24 November 2010
Employment effect (start)
1 January 2011
Foreseen end date
31 December 2012
Description
ORF, the Austrian public broadcasting organisation, has announced that it is to cut up to 150 jobs until the end of 2012.
This was documented in the organisation's draft budget for 2011 which was forwarded to members of the ORF board of trustees and is supposed to be confirmed by them on 16 December 2010. ORF needs to cut its personnel costs and plans to achieve an operating profit of EUR 300,000 in 2011. The organisation has returned to profitability in 2010 again after incurring losses in 2009.
No information is available on what form of measures the personnel reduction will take (direct dismissals vs. other job reduction measures).
Sources
24 November 2010: Der Standard
25 November 2010: Wirtschaftsblatt
Citation
Eurofound (2010), ORF, Internal restructuring in Austria, factsheet number 71233, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71233.
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