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.
Austria's largest paper and packaging company Mondi Neusiedler plans to lay off up to 120 employees due to economic difficulties. The job shed is to take place in the companies two production sites in Lower Austria, in which 691 employees are currently employed.
During the last three years, the company incurred losses due to sales difficulties, in particular with uncoated paper. Negotiations with the works council will continue for several weeks, according to management.
The exact number of losses has not been confirmed by the management; however, the number was discussed in a meeting on the 27th May, when the staff was informed of the planned restructuring programme.
Eurofound (2013), Mondi Neusiedler, Internal restructuring in Austria, factsheet number 75461, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75461.