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 Electrical Equipment 27.4 - Manufacture of electric lighting equipment
102 jobs Number of planned job losses
Announcement Date
25 June 2013
Employment effect (start)
26 June 2013
Foreseen end date
30 April 2014
Description
On 25 June 2013, the lighting company Tridonic (owned by the Austrian group Zumtobel) has announced plans to close its production plant in Fürstenfeld by the end of 2013, making 102 employees redundant. The company produces magnetic ballasts for fluorescent tubes which are considered outdated, hence the decision to close the site. In Tridonic, the number of staff has been continually decreasing in the last few years; social plans have been developed.
The remaining factories will focus on LED technology.
Update, 21-01-2014:
The closure of the company has been delayed and will be in effect at the end of April 2014. A social plan has been agreed upon. Reportedly, this plan includes redundancy payments above the legal minimum and the establishment of a foundation that is to provide training for the dismissed workers.
Sources
25 June 2013: Wirtschaftsblatt
26 June 2013: Kleine Zeitung
25 June 2013: Die Presse
25 June 2013: orf.at
Citation
Eurofound (2013), Tridonic, Closure in Austria, factsheet number 75596, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75596.
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