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.
Pappas is to close its spare parts depot for Mercedes in Salzburg, making 110 staff redundant by the end of 2013.
This step is caused by the fact that Daimler is to take over the exclusive import of spare parts for Mercedes, smart and Fuso. The group has bought the second 50pc of the Mercedes Benz Austria distribution company. The wholesale business with spare parts will be run via Mercedes' logistics center in Nuremberg.
A comprehensive social plan has been worked out in close cooperation with the Public Employment Service (AMS) and the works council. It encompasses a re-employment scheme with further training and job qualification programs.
Pappas employs about 2,800 staff in Austria, being the largest seller and service provider for Daimler cars in the country.
Eurofound (2013), Pappas, Closure in Austria, factsheet number 76056, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76056.