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.
Secop, a manufacturer of refrigerating compressors, will dismiss around 250 employees in Fürstenfeld by mid-2020. Due to the weak market conditions and high production costs, production will be offshored to facilities in Slowakia and China. However, another 100 administrative positions will be kept. Together with the worker's council, the company's management is working on a redundancy programme. Additionally, a labour foundation shall be established in cooperation with the local labour agency.
The Austrian Secop plant is a part of an international group that specialises in household, light commercial and battery-powered energy-efficient compressors for refrigerators. Currently, Secop-Group has around 1,800 employees worldwide.
Eurofound (2019), Secop, Offshoring/Delocalisation in Austria, factsheet number 98963, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98963.
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