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 aircraft supplier FACC will create 200 new jobs as further growth in turnover is expected for the second half of the current fiscal year.
After facing losses of €14 million in the previous year, FACC managed a turnaround as sales increased and operative and cost reduction measures took effect. FACC has already started job interviews and has hired 60 new employees during the last six weeks at its production sites in Upper Austria. Vacancies are predominantly located in manufacturing and production. The company has been increasing its staff numbers continuously over the last couple of years (see ERM reports about previous business expansion in 2010, 2011 and 2014) . The company currently employs 2,987 people.
Eurofound (2015), FACC, Business expansion in Austria, factsheet number 85156, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85156.