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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23.11 - Manufacture of flat glass
118 jobs Number of planned job losses
Announcement Date
25 June 2014
Employment effect (start)
25 June 2014
Foreseen end date
31 October 2014
Description
Austrian glass manufacturer Steindl Glas GmbH has announced that it will cut 118 jobs in Tyrol when the company closes. According to the source, the company went bankrupt in May 2014, due to a drop in sales leading to debts of €10 million.
According to the sources, the company will end production on the site by the end of June 2014. The source reports that representatives of the federal state in Tyrol have announced that they will provide support to those affected by the closure. Steindl Glas GmbH, with headquarters in the Austrian province of Tyrol, was founded in 1994 and produced insulating and safety glass.
Sources
6 May 2014: Wirtschaftsblatt
25 June 2014: ORF
8 May 2014: Wirtschaftsblatt
25 June 2014: Wirtschaftsblatt
Citation
Eurofound (2014), Steindl Glas GmbH, Bankruptcy in Austria, factsheet number 77271, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77271.
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