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.
Sky Gourmet, a subsidiary of the Austria-based catering company Do&Co, has sent written notification of the planned dismissal of 170 employees to the Labour Market Service (AMS). This was reported by the daily newspaper Kurier on 6 February 2009. Sky Gourmet with a total work force of 600 employees makes in between 80% and 90% of its revenues with the national air carrier Austrian Airlines. Since the latter company has been heavily suffering from permanently dropping passenger numbers and a notable decline in turnover for a couple of months, the volume of orders from the airline has been dropping dramatically, in particular since December 2008. Therefore Sky Gourmet has been forced to adjust its production capacities. An indefinite number of temporary agency workers have already been laid off. According to Attila Dogudan, the CEO of Do&Co, about 1,000 of the company's 4,000 jobs worldwide, in particular those in the airlines business segment, are jeopardised by the current economic downturn.
Eurofound (2009), Sky Gourmet, Internal restructuring in Austria, factsheet number 68259, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68259.