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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job losses
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://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69405.
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