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.
The discount food retail chain Hofer, part of the German Aldi group, is to expand its Austrian headquarters in Sattledt, thereby creating 135 jobs. Most of the newly created jobs will lie in the highly qualified segment. The planned investments lie in the "high two-digit million" amount, according to the company's CEOs Mr Dold and Mr Helm. Hofer, an independent subsidiary of Aldi Süd, has a turnover of €3.6 billion with some 7,000 employees in Austria. Currently, the company has 440 retail stores; in the medium term, this number is to increase to about 500. The headquarters in Sattledt are also responsible for the stores in Switzerland, Slovenia and Hungary.
For previous restructuring cases see Aldi Süd Slovenia 2006 and Aldi Süd Slovenia 2007.
Eurofound (2013), Hofer, Internal restructuring in Austria, factsheet number 75988, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75988.