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.
The Vienna-based company Schiebel Elektronische Geräte, developer and producer of mine detection equipment and the CAMCOPTER unmanned aerial vehicle system, will open a new production plant in Wiener Neustadt, Lower Austria. At the new site about 120 unmanned aerial vehicles are planned to be manufactured annually. According to Hans Georg Schiebel, the firms CEO, business expansion has become inevitable due to steadily increasing demand for unmanned helicopters for both military and civil use. Thus, the companys workforce is planned to be doubled from currently 100 employees to about 200 over the medium term, Mr Schiebel stated. Around 8.5 million euro have been invested for the construction of the new production premises. The date of opening has remained indefinite so far.
Eurofound (2006), Schiebel Elektronische Geräte, Business expansion in Austria, factsheet number 64055, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64055.