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.
Eitek, an Austrian automotive supplier operating in the manufacture of premium vehicle interior components, announced a restructuring following the opening of insolvency proceedings, putting 319 jobs at risk at its Lower Austrian operations, including 236 blue-collar workers and 83 white-collar employees.
The insolvency was triggered by sustained revenue declines linked to the ongoing crisis in the automotive industry, combined with rising costs, inflationary pressures and weakened demand, particularly affecting suppliers dependent on premium car manufacturers, while the company intends to continue operations temporarily and implement a restructuring and recovery plan.
Founded in 1850 and historically transformed from a textile producer into a specialised automotive interiors supplier, Eitek serves customers such as BMW, Maserati and Lamborghini and employs 319 people at the time of insolvency.
Eurofound (2026), Eitek, Bankruptcy in Austria, factsheet number 204065, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204065.
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