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 22 June 2007, the Fischer Advanced Composite Components (FACC) corporation, a leading company specialised in the development, design and manufacture of composite components and systems for civil aircraft, officially opened its new production facility for nacelles in Reichersberg, Upper Austria. The new facility, with an annual capacity of 70 million Euro turnover, was completed in April 2007, starting with some 110 employees. The company headquartered in Ried invested around 40 million Euro in the new plant and plans to continuously extend the production capacity in Reichersberg, reaching around 350 staff by 2010. The whole FACC group had a turnover of 182.5 million Euro in the business year 2006-7 and currently employs 1,280 workers in total.
Eurofound (2007), FACC, Business expansion in Austria, factsheet number 65517, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65517.