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.
International producer of ropeways, cable cars and ski lifts, Doppelmayr, announced that it will cut 190 jobs worldwide, including 95 positions in Wolfurt, Austria. The job cuts are to be carried out as a result of the COVID-19 pandemic; at Doppelmayr, sales are expected to decline by a third for the current 2020/21 financial year. The conditions of the programme will be negotiated with employees’ representatives as the dismissals should be as socially responsible as possible.
Doppelmayr, headquartered in Wolfurt, Austria, is the world market leader in cable car construction. Currently, Doppelmayr employs around 3,4000 people worldwide, including almost 1,700 in Austria.
Eurofound (2020), Doppelmayr, Internal restructuring in World, factsheet number 102397, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102397.
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