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.
PriMetals Technologies, a global provider of metallurgical plant solutions, plans to cut staff numbers by 200 at its site in Linz, Upper Austria by the end of 2016. Currently a total of 1,600 employees work in Linz. Talks with the unions and the local works council are currently underway. According to the site's management, redundancies could be reduce by means of working time flexibilisation; a decision on this option will be taken by March 2016.
PriMetals, which employees around 9,000 staff worldwide, resulted from a Joint Venture between Siemens VAI Metal Technologies and the Japanese engineering and electronics company Mitsubishi Heavy Industries (MHI) in 2014. The site in Linz is facing its third wave of severe cutbacks (see 2014). Between 2013 and 2014 a total of 490 employees lost their job.
Eurofound (2015), Primetals Technologies, Internal restructuring in Austria, factsheet number 85152, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85152.