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.
According to the daily newspaper Der Standard of 27 January 2006, the Styrian company Maierhofer, which is specialised in constructional glass production, will be converted into an 'innovations centre' for glass production and research. Thus, a so-called 'glass-cluster' is planned be jointly built up in cooperation with the Maierhofer company, the Viennese architectural office Coop Himmelb(l)au and the Technical University of Berlin (Germany). The forthcoming innovations centre will obtain the new firm name 'iglass'. During its first step of expansion the new company will engage in between 70 and 100 additional employees, whereby some of those people who lost their jobs at the nearby Vogel&Noot company shall be absorbed.
Eurofound (2006), Iglass, Business expansion in Austria, factsheet number 62885, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62885.