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 For Transport Equipment Manufacture Of Other Transport Equipment 30.2 - Manufacture of railway locomotives and rolling stock
200 jobs Number of planned job creations
Announcement Date
22 February 2012
Employment effect (start)
22 February 2012
Foreseen end date
31 December 2014
Description
Siemens, German multinational electronics company, is to invest € 50 million in its Vienna-Simmering production site by 2014, thereby creating 200 jobs.
In October 2011, all global activities in Siemens' MCL (metro, coaches and light rail) unit were bundled in Vienna. The company is currently producing trains for Warsaw, Oslo, Vienna, Munich and Den Haag amongst others. The reason for the investment and expansion of its capacities in the Simmering branch lies in the fact that some 600 tenders for light rail and subway projects are to be called for within the next years and Siemens aims to improve its market share.
Siemens currently employs 750 people in Vienna.
Sources
21 February 2012: Die Presse
22 February 2012: Wirtschaftsblatt
21 February 2012: orf.at
Citation
Eurofound (2012), Siemens Österreich, Business expansion in Austria, factsheet number 73120, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/73120.
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