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.
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.
Eurofound (2008), AT&S, Offshoring/Delocalisation in Austria, factsheet number 67475, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67475.
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