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.
Österreichische Post, a large Austrian postal service provider, is to cut 1,500 jobs across Austria by the end of 2009. The job cuts are due to overcapacity in the mail delivery services section of the organization, and will affect the 10,500 postmen employed by the organization. Österreichische Post has stated that the job losses will be realized through 'natural turnover', and foresees the staff cuts being achieved through retirements and employees voluntarily leaving the organization. The Austrian Union of Postal and Telecommunications Employees is strictly opposed to the job cuts, and has threatened to organize industrial action in response to the job losses. Österreichische Post management argue that increasing competition in the liberalised post and courier service sector make restructuring imperative. Österreichische Post employs 25,000 in Austria.
Eurofound (2007), Österreichische Post, Internal restructuring in Austria, factsheet number 65759, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65759.
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