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.
On 18 May 2011, the German automobile manufacturer BMW announced the creation of additional 150 jobs at its Upper Austrian Steyr production site. The majority of the newly hired employees will be temporary agency workers who have worked for BMW, followed by about 30 apprentices and four trainees and experts.
The company, which currently employs 2,500 workers, has an additional 800 temporary workers. For the company's CEO Mr Wölfel, this rate of about 30% agency workers is 'ideal'; however, the works council has before demanded the take-over of at least 100 temporary workers.
The company aims at an annual production of more than one million car engines for 2011 for the second time, after it has reached that goal in 2010 already.
Eurofound (2011), BMW, Business expansion in Austria, factsheet number 71975, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/71975.
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