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 Computer, Electrical Electronic And Optical Products Manufacture Of Computer, Electronic And Optical Products 26 - Manufacture Of Computer, Electronic And Optical Products
1,000 jobs Number of planned job losses
Announcement Date
14 May 2024
Employment effect (start)
14 May 2024
Foreseen end date
Description
Austrian printed circuit board manufacturer AT&S has announced that it will cut up to 1,000 jobs worldwide.
The cuts will affect all the company's locations. In Austria (AT&S-2024-AT), the company is to cut 250 positions. The layoffs are part of a cost-saving programme. AT&S reported a loss of €34 million for 2023/2024. Regardless of the restructuring programme, the company intends to invest €500 million at its new production sites in Austria in the 2024/2025 financial year.
AT&S (Austria Technologie & Systemtechnik Aktiengesellschaft) has 7 production sites in Europe and Asia: Austria, Korea, India, China, and Malaysia. AT&S employs about 13,500 people worldwide.
Eurofound (2024), AT&S, Internal restructuring in World, factsheet number 201238, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/201238.
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