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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
European Globalisation Fund (EGF)
Year: 2010, Case number: 08
New offshoring locations
452 jobs Number of planned job losses
Announcement Date
18 November 2008
Employment effect (start)
18 November 2008
Foreseen end date
21 June 2008
Description
AT&S, one of only a few manufacturers of printed circuit boards in Europe, is to reduce its workforce by 452 employees at its plant in Leoben-Hinterberg in the province of Styria. More precisely, 293 regular workers and 159 temporary agency workers stand to lose their jobs. Thus the workforce will be reduced from currently 1,370 to 918 employees. This was announced on 18 November 2008 by the AT&S management, which argued that restructuring has become inevitable since the site is no longer competitive for cost reasons. According to management, part of the machinery will be moved to a subsidiary in India. The Leoben factory is planned to mainly cover the European market. Restructuring shall be finalised in spring 2009. Management and the works council envisage setting up a social plan, including a re-employment scheme.
Sources
18 November 2008: Wirtschaftsblatt
18 November 2008: Der Standard
Citation
Eurofound (2008), AT&S, Offshoring/Delocalisation in Austria, factsheet number 67475, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67475.
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