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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.9 - Manufacture of other special-purpose machinery
100 jobs Number of planned job creations
Announcement Date
23 June 2016
Employment effect (start)
23 June 2016
Foreseen end date
31 December 2021
Description
The Austrian manufacturer of wood-working machinery, Felder, announced plans to invest in the expansion of its production site in Hall (Tyrol) creating 100 new jobs. During the upcoming five years the family-run business will invest €60 million in increasing their production area. This step is also seen as a commitment to the production site and the company's headquarter in Austria. Additionally, part of the investment will also be used to improve the company's transnational distributive network. Currently 95% of all their machinery is sold abroad (predominantly to other EU countries). Felder, which was founded 60 years ago, employs around 550 staff at the moment.
Sources
23 June 2016: Wirtschaftsblatt
23 June 2016: Tiroler Tageszeitung Online
Citation
Eurofound (2016), Felder, Business expansion in Austria, factsheet number 88017, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88017.
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