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.
LSG Sky Chefs, a subsidiary of Lufthansa and provider of airline catering, intends to expand its business at its Czech site, where it will concentrate production from all over Central Europe and employ gradually 1,000 foreign workers in a few years. Through the CzechInvest state program, the company currently wants to start importing between 200 and 400 Filipinos. Foreigners will have health card and security clearance because they will pack food on board aircraft. The plant is to produce 4.5 million to 5.5 million meals a month.
LSG Sky Chefs has previously stated that it is undergoing extensive reorganisation of its operations due to a decline in demand for refreshments during the flight. In Europe, the firm wants to reduce the number of operations from 23 to 7. As a result, about a third of 5,500 jobs will be dismissed in Germany.
Eurofound (2019), LSG Sky Chefs Czechia, Business expansion in Czechia, factsheet number 97731, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97731.