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.
The mobile communications provider Hutchison "3" Austria is to shed up to 170 jobs by the end of January 2014, according to the company's CEO Mr Trianow.
The company took over the competitor Orange in February 2013. It has now decided to make the brand 'Orange' disappear by the end of the third quarter 2013. At the time of the acquisition, Orange employed 600 employees whereas "3" 800.
Since then, about 100 employees have left the company voluntarily or have received 'golden handshakes'. In June 2013, 97 employees have been registered in the Public Employment Service's (AMS) early warning system. They are store employees as the number of stores is to be reduced from 140 to 90. In addition to that, 70 employees stand to lose their jobs by the end of January 2014 due to the closure of an Orange call centre in Wiener Neustadt (Lower Austria). The headcount reduction is necessary due to huge investments in the expansion of the network.
Hutchison "3" Austria expanded its business in Austria in 2010 (see Hutchison "3" Austria 2010).
Eurofound (2013), Hutchison 3G Austria, Merger/Acquisition in Austria, factsheet number 75567, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/75567.