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.
On 13 April 2007, the CEO of the Mawera Holzfeuerungsanlagen company, which is headquartered in Hard (Vorarlberg) and currently employs about 170 employees at two separate sites in Hard and Meiningen, announced plans to significantly extend production capacities and thus to create some 100 new jobs within an indefinite time period. The company is specialised in the manufacture and assembling of furnaces fired with wood. The expansion plans will focus on the development of combined heating systems using also solar technology. The main reason for the envisaged extension of production capacities is the growing international demand for biogenous heating systems. In 2006, for instance, the firm’s overall turnover increased by 35% to 32 million Euro. Mawera was acquired by German Viessmann Werke in December 2006.
Eurofound (2007), Mawera, Business expansion in Austria, factsheet number 65252, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65252.