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.
Automotive supplier Zizala, who produces light systems for motor vehicles, is to expand its business and hire 100 new employees by the end of the year.
The expansion is due to increased demand for car headlights for brands like BMW, Audi, Porsche and Daimler. The company, which had announced plans to increase its workforce by 400 employees in December 2010 (see here) has even exceeded its own expectations in the demand for personnel. In Wieselburg, the company's headquarters alone, some 700 additional staff members were hired in the course of 2011. The company's CEO Mr Schuhleitner expects a turnover of EUR 1 billion for the whole group in 2012.
Eurofound (2012), Zizala Lichtsysteme, Business expansion in Austria, factsheet number 73046, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73046.