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.
Austrian printed circuit board manufacturer AT&S has announced that it will cut up to 1,000 jobs worldwide.
The cuts will affect all the company's locations. In Austria (AT&S-2024-AT), the company is to cut 250 positions. The layoffs are part of a cost-saving programme. AT&S reported a loss of €34 million for 2023/2024. Regardless of the restructuring programme, the company intends to invest €500 million at its new production sites in Austria in the 2024/2025 financial year.
AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft) has 7 production sites in Europe and Asia: Austria, Korea, India, China, and Malaysia. AT&S employs about 13,500 people worldwide.
Eurofound (2024), AT&S, Internal restructuring in World, factsheet number 201238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201238.