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 German producer of compressors for refrigerators and freezers, Secop , is relocating parts of its production from Austria to Slovakia by the end of 2016, making 120 employees redundant.
Secop took over the insolvent ACC Austria in 2013 but has not been able to make it operate profitably. The company set out plans to outsource major production processes to its site in Zlate Moravce, Slovakia, where a competence centre will be build. In Fürstenfeld, Austria, only highly automated production lines will remain. However, Furstenfeld will continue as a major location for developing the latest technology for the Secop Group.
Job cuts will probably be completed by the end of 2015. No further details on company support for the affected employees have been announced so far.
Eurofound (2015), Secop, Offshoring/Delocalisation in Austria, factsheet number 83603, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83603.
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