Schoeller -Bleckmann Oilfield Equipment

Type
Internal restructuring
Country
Austria
Region
Ostösterreich; Niederösterreich; Niederösterreich-Süd
Location of affected unit(s)
Ternitz
Sector
Manufacturing
(28) Manufacture of machinery and equipment
28 - Manufacture of machinery and equipment n.e.c.
28 - Manufacture of machinery and equipment n.e.c.
100 jobs
Number of planned job losses
Job loss
Announcement Date
19 August 2009
Employment effect (start)
1 January 2009
Foreseen end date
19 August 2009

Description

The Austria-based Schoeller-Bleckmann Oilfield Equipment has layed off almost 100 of its 390 employees at its headquarters in Ternitz, Lower Austria, since 1 January 2009. Moreover, for half of its workforce short-time work arrangements have been concluded. These measures are part of a thorough-going restructuring programme affecting 300 employees in the USA, Austria and the UK. Restructuring has become inevitable since oilwell drilling activities have decreased worldwide due to the current global crisis. As a consequence, the demand for oilfield equipment has shrunk likewise. This was reported by the newspaper Der Standard on 19 August 2009.

Sources

  • 19 August 2009: Der Standard

Citation

Eurofound (2009), Schoeller -Bleckmann Oilfield Equipment, Internal restructuring in Austria, factsheet number 69405, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69405.