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 gambling company Novomatic cuts 120 jobs at its headquarters in Gumpoldskirchen in Lower Austria. The company said that the current COVID-19 crisis was the reason for the job cuts. Casinos and gambling halls had to close in several worldwide locations. The supplier of slot machines also reported a decline in revenue of 80% for its international customers. In addition to a redundancy programme, the company has provided the former employees with support helplines and additional consulting services. Novomatic has 22,000 employees worldwide and around 3,100 in Austria.
Eurofound (2020), Novomatic, Internal restructuring in Austria, factsheet number 102577, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102577.