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.
Mahle-König, a medium-sized manufacturer of parts of motor vehicle and other engines, reduced its workforce by 50 employees from the end of September to mid-December 2008. This was confirmed by Karlheinz Langner, the firm’s CEO, on 22 December 2008. Accordingly, the dismissals have been necessary due to continuously declining sales - ensuing from the global finance crisis. The company is exclusively located in Rankweil in Vorarlberg, where it employed, before restructuring, 490 workers.
Eurofound (2008), Mahle König, Internal restructuring in Austria, factsheet number 67753, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67753.