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.
ORF, the Austrian public broadcasting organisation, is to cut 250 jobs as part of a larger cost saving measure. These plans, which had been in place for a while, were announced by the ORF management.
In addition, the management announced plans for further cost cutting measures should there be a law change that will reduce subsidies to the ORF. In the case of implementation of this law, the ORF will have to save EUR 75 million in 2014. As a consequence, job cuts, which were originally scheduled to take place by the end of 2016, will have to be implemented sooner.
No further information on the timeline is given.
Eurofound (2013), ORF, Internal restructuring in Austria, factsheet number 74895, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74895.