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 Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27 - Manufacture of electrical equipment
118 jobs Number of planned job losses
Announcement Date
5 November 2004
Employment effect (start)
Foreseen end date
31 August 2005
Description
According to a regional newspaper, 118 workers employed at Dreefs, a medium-sized company producing switches for electrical machinery and apparatus, stand to lose their jobs due to its complete closure by its Italian owner, the Vemer-Siber-Group. The companys works council aims to expand the existing social plan in order to mitigate the consequences for the workforce. The blue-collar Metalworking and Textiles Union (GMT) urges the regional authorities to set up a special fund to the benefit of the employees concerned. The closure will be completed by the end of August 2005.
Sources
5 November 2004: Der Standard
Citation
Eurofound (2004), Dreefs, Closure in Austria, factsheet number 60749, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/60749.
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