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.
Opel-Werk, headquartered in Vienna-Aspern, Austria, is closing its plant that produced six-speed manual transmissions by the end of July 2024. This decision affects 300 employees.
Half of the 300 employees who are losing their job due to the closure have already found new jobs through a job centre set up by Stellantis, the company group. A social plan is in place to support affected employees, and the job centre will continue operations until all site activities are completed.
The closure is driven by a decline in demand for manual transmissions as the industry shifts towards electric vehicles and automatic transmissions. The plant has been downsizing over the years, especially after General Motors' major contracts ended, compounded by impacts from the COVID-19 pandemic and chip shortages. The 600,000-square-metre site’s future use is still uncertain, with initial talks suggesting the possibility of an industrial park.
Eurofound (2024), Opel, Closure in Austria, factsheet number 201489, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201489.
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