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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
700 jobs Number of planned job losses
Announcement Date
10 March 2011
Employment effect (start)
10 March 2011
Foreseen end date
31 December 2015
Description
The Government of Styria plans to cut 700 of its 8,500 public service posts by the end of 2015 due to the austerity drive. The province is to present its budget for 2011/12 in the coming days. Due to the necessity to consolidate 'by far more than EUR 1 billion', the Styrian Government is prepared to implement the cuts. According to the press the mass redundancy is supposed to save EUR 644 million in 2011 and EUR 908 in 2012. Additionally in 2012, a pay freeze for the public sector employees is planned. Until the end of 2015, 750 jobs in public service are to be lost via filling only every third post that is becoming vacant.
Sources
10 March 2011: Der Standard
10 March 2011: Die Presse
Citation
Eurofound (2011), Styria Province, Internal restructuring in Austria, factsheet number 71717, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71717.
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