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.
Alba Tooling & Engineering GmbH, a plastic component manufacturer in Forstau, Salzburg, has filed for insolvency. 146 employees are losing their job.
Additionally, there are 400 creditors affected. The company is actively looking for investors. The company claims that in the aftermath of the COVID-19 pandemic, delays in delivery, price increases and higher transportation and energy costs in particular have led to declining sales. The company had to close production facilities in Germany and Mexico as well. Alba Tooling & Engineering had over 400 employees worldwide and was headquartered in Forstau, Austria.
Eurofound (2023), Alba Tooling & Engineering, Bankruptcy in Austria, factsheet number 200613, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200613.