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 - Manufacture of machinery and equipment n.e.c.
100 jobs Number of planned job creations
Announcement Date
6 November 2018
Employment effect (start)
6 November 2018
Foreseen end date
Description
The US industrial enterprise General Electrics has sold its gas engines division to the financial investor Advent International. As a result, the company’s subsidiary in Jenbach merged with its subsidiary in Waukesha to form a new brand called Innio. The company's headquarters will remain in Jenbach, where 100 to 120 jobs are to be created in administration and production. As of November 2018, Innio Jenbach employs 1,600 people including 100 apprentices. The joint company, Innio, operates in Austria, USA and Canada employing 3,000 people in total.
Sources
Citation
Eurofound (2018), Innio, Business expansion in Austria, factsheet number 95808, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/95808.
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