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 Of Basic Metal And Fabricated Metal Products Manufacture Of Fabricated Metal Products, Except Machinery And Equipment 25.93 - Manufacture Of Wire Products, Chain And Springs
No information on job gains number available
Announcement Date
8 July 2016
Employment effect (start)
1 July 2016
Foreseen end date
1 December 2016
Description
Pewag is an Austrian chain manufacturing company, with a range of products including snow chains, tire protection chains, transmission chains and more. The company has decided to stop the production of one line of snow chains, the Konig brand, which is currently produced in a specialised plant in Molteno, Italy. At least 100 employees (out of 130 workers in the plant) will lose their jobs. Some activities including marketing, sales and logistics are expected remain in Molteno. Due to a dramatic drop in demand, production of the chain itself will be moved to other plants, in particular to Brückl, Austria, and Vamberk and Ceská Trebová in the Czech Republic.
Sources
8 July 2016: Wirtschaftsblatt
Citation
Eurofound (2016), Pewag, Reshoring in Austria, factsheet number 181, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/181.
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