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.
Bilfinger Maschinenbau, a company engaged in machinery and plant engineering, has announced the cut of up to 100 jobs in their production plant in Linz. The reason for the internal restructuring is the search for potential buyers of the company. The job reduction will start in the third quarter of 2020. The negotiations for a redundancy plan have started already.
The company belongs to the german Bilfinger SE Group, with a total of 35.905 employees and a turnover of €4,153 billion as of 2018.
Eurofound (2020), Bilfinger Maschinenbau, Internal restructuring in Austria, factsheet number 99802, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99802.