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.
Following restructuring announcements from the German manufacturer of heavy utility vehicles MAN, part of the Volkswagen group, up to 200 people could lose their job by 2018 at the company's production site in Steyr(Upper Austria).The Steyr plant will lose the sheet metal painting and part of the cab component production and will gain the painting and pre-assembly of all plastic parts for commercial vehicles.
The step is part of an overall restructuring programme in the group (as Eurofound has reported) making up to 1,800 employees redundant. According to newspaper reports, in Austria mainly the administration department will be affected and MAN has given a location guarantee for the production in Steyr until 2025.
Although in the course of restructuring Steyr has lost some of its assigned tasks, it now manufactures special-purpose vehicles. This will mean that some workers will have to be re-allocated within the company but also that in the long run 200 new jobs will be created. Up until now there are no details available as to when this job creation will take place.
Eurofound (2016), MAN, Internal restructuring in Austria, factsheet number 88971, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88971.