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 Austrian furniture retailer XXXLutz has invested € 6 million in the expansion of its headquarter in Wels, Upper Austria, to provide space for its growing e-commerce operations. Currently, 220 employees take care of the companies online shops and other activities in Austria alone. Last year XXXLutz increased online staff in Wels by 100 and currently offers additional 100 vacant positions for computer programmers and poject managers. Overall, the company employs 900 people at the site in Wels and more than 20,800 people in Austria.
Eurofound (2018), XXXLutz, Business expansion in Austria, factsheet number 94430, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94430.