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.
Lifebrain, the Viennese PCR-COVID-19-laboratory, has registered 500 employees for notice of termination with the public employment service early warning system. As the last remaining COVID-19 saftey measures will be withdrawn from February 28 until the end of June, the company has to plan significant stuff reductions. Spokesman of Lifebrain announced, that the reduction is currently being planned with foresight and consideration for the employees. The future of the company and the necessity of COVID-19 tests is yet unclear, which is why Lifebrain prepares for several scenarios, including cutting 500 of 600 jobs from February 28.
Eurofound (2023), Lifebrain, Internal restructuring in Austria, factsheet number 108340, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108340.