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 South African paper manufacturer Mondi has announced that it will stop the production of industrial bags in Zeltweg by the end of this year, causing 100 employees to lose their jobs. The restructuring is part of the company’s strategy to focus resources on the production of plastic films for barrier coatings, also located in Zeltweg. As of October 2018, 120 people are employed at the site, including temporary staff. Affected employees and trade union representatives have already been informed. A final decision on the number of layoffs is expected to be announced in November.
Eurofound (2018), Mondi Bags, Closure in Austria, factsheet number 95613, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95613.