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.
About 100 jobs will be lost in Siemens' Transportation division Vienna and Graz plants as part of the company's world-wide restructuring process affecting about 17,000 workers. Siemens Transportation Systems operates from nine business locations all over the world, of which Vienna and Graz (Siemens SGP Verkehrstechnik) form two important pillars in Austria, employing some 1,900 workers. The Vienna factory is specialised in the manufacture of railway vehicles, while the Graz plant is the world’s largest manufacturer of high-technologies for mass transit and main-line railways. While Siemens plans to cut a total of 1,800 jobs in this division, the restructuring programme will mainly hit the Czech Republic and Germany. No further information about the timeline has been provided
Eurofound (2008), Siemens SGP Verkehrstechnik, Internal restructuring in Austria, factsheet number 66935, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66935.