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.
Infineon Technologies, a worldwide operating German concern is to expand its Austrian workforce by 400 staff by the end of 2011. Of the 400 envisaged new jobs in 2011, 100 have already been filled. Some 200 temporary agency workers are to be taken over by the company and some 100 positions are yet to be filled (70 in Villach, 30 in Graz). The vast majority of new workers will be employed at Infineon's Villach production site, where the majority of EUR 198 million which are to be invested will go. In Villach, Infineon develops and produces micro chips for mobility solutions and industrial applications. Jobs to be filled fall into the areas research and development and application technology. The expansion was made necessary due to an excellent order situation, which was reason for doubling the originally planned investment, according to the company's CEO Ms Kircher-Kohl. This is a major upswing for the company which had lost EUR 700 million during the crisis year of 2009 and had to make some 500 workers redundant in the course of 2008/09 (see factsheets 10833 and 11411).
Eurofound (2011), Infineon Technologies, Business expansion in Austria, factsheet number 71942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71942.