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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
270 jobs Number of planned job losses
Announcement Date
20 October 2020
Employment effect (start)
1 November 2020
Foreseen end date
Description
Motor manufacturer Opel has announced it will discontinue production at its 'powertrain' plant in Aspern, Vienna. The closure means that 270 employees to lose their jobs. The plant has produced motors for General Motors for 40 years and the the contract has now come to an end. The company spokesman, Christoph Stummvoll, states that there is no connection with the current COVID-19 crisis. The rest of the production remains active. Aspern is still an important site for the company. A redundancy programme has been prepared. Opel Wien GmbH is 99.5% owned by General Motors Europe Ltd.
Eurofound (2020), Opel, Internal restructuring in Austria, factsheet number 102575, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/102575.
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