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.
Domestic buildings construction company Porr announced the presence of more than 300 vacant positions in Austria. Even though there is a high demand in the construction industry, the company faces difficulties in the recruitment of skilled staff. According to the company, changing labour market structures in Eastern Europe can explain the labour shortages. As a result, the company is reportedly fighting the reduced attractiveness for labour supply with the offer of additional benefits, like subsidised housing, education and training.
Overall, the company currently employees more than 19,000 people, approximately 9,800 in Austria.
Eurofound (2019), Porr, Business expansion in Austria, factsheet number 98593, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98593.