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.
Multinational supermarket chain SPAR announced to hire 800 new employees in Austria in the course of taking over former Zielpunkt branches.
The Austrian subsidiary of the Dutch based retail chain SPAR will operate 28 branches (16 of which in Vienna) of Zielpunkt which declared bankruptcy in November 2015 as reported by Eurofound. The company is however facing difficulties finding personnel with suitable qualifications. Therefore, part of the former Zielpunkt staff including apprentices will be kept. Additionally, SPAR announced further investments in the training of new apprentices. So far 500 new employees were hired but the company is currently looking for additional 300 employees.
Eurofound (2016), SPAR Österreichische Warenhandels, Business expansion in Austria, factsheet number 88474, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88474.