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.
Voestalpine, international manufacturer of steel products with headquarters in Linz, Upper-Austria, is opening a new production site creating 70 new jobs.
The company invested €30 million in opening a new production site for laser-welded blanks for car bodies. The new site forms part of the voestalpine Automotive Components Linz Gmbh, a subdivision of the company's metal forming division. With the laser-welded blanks voestalpine secures its position as supplier for automotive manufacturer such as Daimler, BMW and Audi. With this new investment, the city of Linz becomes world leader in the production of laser-welded blanks producing an estimated 20 million of these per year.
Eurofound (2016), voestalpine, Business expansion in Austria, factsheet number 88722, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88722.