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
New offshoring locations
Hungary, Czechia
100 jobs Number of planned job losses
Announcement Date
8 January 2005
Employment effect (start)
1 February 2005
Foreseen end date
Description
According to the Austrian newspaper Der Standard, the Viennese electrical firm AKG Acoustics sent, in the end of December 2004, written notice of a planned dismissal of 100 employees to the Labour Market Service. The paper stated that part of the production may be transferred to Hungary or the Czech Republic. Currently, the company employs 576 workers at the plant in Vienna. The firm, which is completely owned by the US-based Harman International Industries, manufactures electrical acoustic sets, such as microphones, headsets, conference circuit systems.
Sources
8 January 2005: Der Standard
Citation
Eurofound (2005), AKG Acoustics, Offshoring/Delocalisation in Austria, factsheet number 61020, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61020.
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