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.
Spar, an Austrian retail company based in Salzburg, will create approximately 150 jobs across locations including Hennersdorf, Pressbaum, St. Pölten, Zwettl, Mank, Mauerbach, and Groß-Siegharts, with openings scheduled by the end of 2024.
The background of this business expansion are Spar's plans to invest €35 million in building seven new stores in Lower Austria.
The decision to expand despite economic challenges reflects Spar's commitment to regional development, with a focus on using local suppliers and construction firms. For example, the new store in Zwettl is being built by a local company, Fessl. The new St. Pölten store will be housed in a multi-use building.
Eurofound (2024), Spar, Business expansion in Austria, factsheet number 201484, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201484.