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.
Voestalpine, Austria's biggest stainless steel company, has opened a new modern stainless steel plant in Karpfenberg, Styria, creating 150 new jobs.
The company invested 467 Million Euros in the extension and business expansion, which commenced in April 2018. This creates 150 new jobs in total, in which employees will begin working from the beginning of 2024. The construction of the new plant is expected to generate an added value of around 350 million euros. The new plant will then produce around 205,000 tons of special steel for demanding customer segments such as the automotive, energy and aviation industries.
voestalpine AG is a globally active Austrian steel and technology group based in Linz (Upper Austria). It emerged in 1995 from the VÖEST steel group founded in 1946, which was part of Austria's nationalised industry.
Eurofound (2023), voestalpine, Business expansion in Austria, factsheet number 200607, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/200607.
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