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.
Strabag, the biggest Austrian building company, is to start restructuring which will result in the loss of 250 jobs out of 2,500 across the Czech Republic. The job losses which will be implemented throughout 2011 are blamed on decline in orders. Seasonal workers should be the first affected. Strabag Group was the first major construction company operating cross-border in Europe and currently employs approximately 60,000 people.
Eurofound (2011), Strabag, Internal restructuring in Czechia, factsheet number 71442, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71442.