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.
Lenzing, an Austrian fibre manufacturer, announced a total workforce reduction of 2,255 positions across its global operations, primarily affecting production plants and corporate administration.
The cut includes 1,400 jobs tied to the sale of its Indonesian facility, 340 staff at the headquarters in Upper Austria and 285 employees at Heiligenkreuz in Burgenland: [Lenzing 2025 - AT] ( https://apps.eurofound.europa.eu/restructuring-events/detail/204015), and 230 workers in Grimsby, England, with additional reductions expected by 2027.
The restructuring is driven by intensified competition from Asian producers and an industry shift toward non-woven fibres, aiming to realign the company’s focus on higher-margin products. The Austrian company, which supplies manufacturers and brands with wood-based materials, generated turnover of €2.60 billion in its 2025 financial year, down 2.3 per cent.
Eurofound (2025), Lenzing, Internal restructuring in World, factsheet number 300845, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300845.