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 paper producer Mondi Neusiedler, an industrial company in the Mostviertel region in Lower Austria, has registered 160 of 700 employees with the Public Employment Service due to internal restructuring measurements. Both sites in Lower Austria, Ulmerfeld-Hausmening and Kematen are affected. The company has developed a new product portfolio, focusing on the production of luxury packaging, graphic printing and on paper for technical applications among others. In exchange, the previous focus on high-quality office and printing paper will be scaled back, which is why the paper machine 6 (PM6), operation since 1982, will be shut down.
Talks for social plans for affected employees with the works council were initiated. The restructuring aims at improving the company's performance and is in line with it's sustainability commitments under MAP2030, which include reducing greenhouse gas emissions. The mayor Christian Haberhauer emphazised that the company is an important employer and partner for Amstetten and the region, and he was assured of an social plan for the employees affected.
Eurofound (2023), Mondi Neusiedler , Internal restructuring in Austria, factsheet number 108796, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108796.