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.
Bwin.Party, a listed online gaming provider, announced on 27 May 2011 to make up to 400 of its remaining 750 workers in Vienna redundant. The newly merged company (see factsheet 16524), which in December 2010 announced the dismissal of 100 workers by the end of the first quarter 2011, has thus far made only 50 employees redundant. This has prompted the British owners to accelerate the job cutting process. Until the end of 2011, up to 400 jobs are thus to be cut. No direct dismissals are planned. Generous, amicable and socially acceptable solutions are to be found instead. The reason behind the offshoring is to reduce the costs. The company plans to delocalise parts of its IT services to India and other countries. Some IT workers in Vienna were offered to relocate to the company's premises in Gibraltar.
Eurofound (2011), Bwin.Party, Offshoring/Delocalisation in Austria, factsheet number 72017, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/72017.