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.
Hennersdorf, Pressbaum, St. Pölten, Zwettl, Mank, Mauerbach, Groß-Siegharts
Sector
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale In Non-Specialised Stores 47.11 - Retail Sale In Non-Specialised Stores With Food, Beverages Or Tobacco Predominating
150 jobs Number of planned job creations
Announcement Date
4 August 2024
Employment effect (start)
22 December 2024
Foreseen end date
Description
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201484.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
