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.
Tobaccoland, wholesale retailer of tobacco products and subsidiary of Austria Tabak (which is owned by Japan Tobacco International), is to make 135 people redundant until the end of 2012. The remaining 160 jobs are maintained. All Tobaccoland branches outside of Vienna are concerned by the job cuts, according to a spokesperson of the company; the structure of the headquarter in Vienna will be 'adapted'.
The company is currently working on a social plan for the 135 concerned employees together with the works council. The restructuring is reported to be due to the fact that Philip Morris, which has cooperated with Tobaccoland since its establishment in 1995, will cancel the cooperation from 2013 onwards. Thus, the volume of cigarettes sold will be reduced sharply.
Austria Tabak, of which Tobaccoland is a subsidiary, closed down its production site in Hainburg by the end of 2011 (see factsheet 17663).
Eurofound (2012), Tobaccoland, Internal restructuring in Austria, factsheet number 73715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73715.