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.
The Austrian company Plansee, specialised in high-technology products based on metal, has set out plans to cut 150 jobs at its production site in Breitwang/Reutte (Tyrol) by the end of 2017. A total of 100 employees will be made redundant this year followed by another 50 redundancies in 2017. According to the company, this step has become necessary in order to secure competitiveness for the upcoming years but also due to losses in several business segments. In cooperation with the federal government of Tyrol a ‘work foundation’ (Arbeitsstiftung) will be established, to help affected employees with further education, retraining programmes but also start-up support.
The company has already been subject to large scale restructuring in 2009. Plansee, headquartered in Breitwang, currently employs around 2,300 staff at this location. The Plansee Group operates across 34 production sites worldwide.
Eurofound (2016), Plansee, Internal restructuring in Austria, factsheet number 87459, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87459.