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.
Blizzard, an Austrian Ski manufacturer in the city of Salzburg, has dismissed 80 employees since the beginning of the year due to internal resturcturing. Core workforce and temporary workers are equally affected. Turbulences following the Covid-19 pandemic are seen as the reasons, as new employees have been hired due to inital high demand, which has now declined. Due to Blizzard, many dissmissed employees found new jobs within the region and few of them were given suspension contracts and therefore have the possibility to come back again if there is more demand.
Blizzard was bought by the Italian Tecninca in 2006.
Eurofound (2023), Blizzard, Internal restructuring in Austria, factsheet number 108895, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/108895.