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.
Austrian Airlines is to cut another 150 jobs in the course of 2013. The job cuts will take place in the administration and engineering departments, as well as in air traffic.
The step is taken in order to save more than 10 million EUR by eliminating duplication of jobs that have occurred since the transfer of Austrian to its own subsidiary Tyrolean Airways earlier this year (see here). In the course of the transfer, some 341 employees of Austrian have given notice of their termination of employment in July 2012 (see here). A social plan is to be developed in cooperation with the works council.
Eurofound (2012), Austrian Airlines, Internal restructuring in Austria, factsheet number 74634, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74634.