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.
The Austrian leather manufacturer 'Wollsdorf Leder' has announced it will re-locate its production to a factory in Croatia causing the loss of 140 jobs.
The company, with headquarters in Wollsdorf, is going to shut down its stamping factory in Weiz by June 2015 and will move production to a newly build factory in Varazdin, Croatia. As chief executive Andreas Kindermann said, a necessary expansion of the site could not be accomplished in Weiz as there was not enough space at the current location.
Currently 240 people are employed at the site in Weiz. According to management, approximately 100 employees will be moved to the headquarters in Wollsdorf. The remaining 140 employees will be dismissed or may have the option to relocate to the site in Croatia but would probably have to accept lower wages. Negotiations between management and the local workers councils are taking place.
Eurofound (2014), Wollsdorf Leder, Offshoring/Delocalisation in Austria, factsheet number 77054, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77054.