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.
In the context of a comprehensive restructuring plan, Infineon Technologies, a worldwide operating concern specialised in semiconductor industry, aims at concentrating its operations by reducing the number of production sites. Infineon Technologies Austria, a well-performing subsidiary specialised in car electronics which is mainly based in Villach, will be one of the beneficiaries of this company strategy, in that the existing production site will be extended by a special research centre which is currently being erected. 270 additional workers are planned to be hired after the completion of the new building.
Eurofound (2004), Infineon Technologies, Business expansion in Austria, factsheet number 60415, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60415.