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 car manufacturer Opel announced it will cut ten percent of jobs at its production site in Aspern, Vienna, resulting in the redundancies of 140 people starting summer 2018.
In 2017, Opel and Vauxhall were taken over by the French automotive group Peugeot Société Anonyme (PSA), which evaluated the productivity of all production sites. The site in Vienna will not be affected by closure but expiring contracts have made restructuring necessary, according to the company. Between December 2017 and March 2018, the company already resorted to short-time work schemes (Kurzarbeit) for parts of the workforce. PSA assigned new orders to Vienna but the works council emphasises that more orders will be necessary to save the site in the long-run.
Trade unions and managment have been negotiating a social plan for affected employees. All young, skilled workers and apprentices are guarenteed to keep their positions.
Open employs approximately 1,400 people at the site in Aspern, Vienna. In total, Open has a workforce of approximately 19,000 workers across Germany.
Eurofound (2018), Opel, Internal restructuring in Austria, factsheet number 93758, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93758.
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