Type
Closure
Country
Austria
Region
Ostösterreich; Niederösterreich; Waldviertel
Location of affected unit(s)
Gars am Kamp
Sector
Construction
Construction Of Buildings And Infrastructure Engineering
Construction Of Buildings
41 - Construction of buildings

220 jobs
Number of planned job losses
Job loss
Announcement Date
19 April 2004
Employment effect (start)
19 April 2004
Foreseen end date

Description

Since efforts to substantively restructure the old-established construction firm Buhl-Bau, which is domiciled in the northern regions of Lower Austria, failed, it was forced to close in the mid of April 2004. The two housebanks of the firm have refused any further engagement. According to statements of the Credit Protection Association of 1870, the company has accumulated debts totalling 25 million euros. Altogether, some 220 workers, working at about 100 construction sites, stand to lose their jobs.


Sources

  • 19 April 2004: Der Standard

Citation

Eurofound (2004), Buhl-Bau, Closure in Austria, factsheet number 60321, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60321.