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.
Austrian glass manufacturer Steindl Glas GmbH has announced that it will cut 118 jobs in Tyrol when the company closes. According to the source, the company went bankrupt in May 2014, due to a drop in sales leading to debts of €10 million.
According to the sources, the company will end production on the site by the end of June 2014. The source reports that representatives of the federal state in Tyrol have announced that they will provide support to those affected by the closure. Steindl Glas GmbH, with headquarters in the Austrian province of Tyrol, was founded in 1994 and produced insulating and safety glass.
Eurofound (2014), Steindl Glas GmbH, Bankruptcy in Austria, factsheet number 77271, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77271.
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