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 producer of automobile and aircraft leather upholstery Wollsdorf has announced that it will create 250 jobs when it opens its new factory in Jalžabet Varaždin. At this plant, leather upholstery will be produced for car brands including Ferrari, Jaguar and BMW. According to the source, the job creation is a result of a €8.5 million investment by the company. The factory will be built by September 2014 and fully operational by June 2015. The source reports that the first 40 employees will be recruited in July 2014 and will be sent for training in Austria.
According to the source, the company choose this area due to its close location to the highway and because it has all the required infrastructure. The source reports that the project is supported by the Croatian Agency for Investments and Competitiveness.
Eurofound (2014), Wollsdorf, Business expansion in Croatia, factsheet number 77240, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77240.