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.
Voestalpine, a large Austrian steel manufacturer, announced the elimination of around 150 jobs at its Kindberg plant, a facility that produces seamless steel tubes for the automotive, oil and gas sectors.
The cuts are driven by escalating U.S. tariffs that have sharply increased export costs to the company’s largest market, forcing a reduction in workforce as part of an internal restructuring. In addition to the already existing steel tariffs of 50 percent to the US, further levies are now being added, so that the total customs burden could rise to as much as 107.38 percent. Also further important sales markets, e.g. in the Middle East, are also difficult due to the conflicts there.
The plant in Kindberg had already suffered from job cuts at the end of 2025:Voestalpine 2025 - AT .
At the end of September, around 950 employees were still employed at the site. All 150 positions will be eliminated by the end of March 2027, with a social plan being negotiated with the works council to support affected employees until the end of November 2026.
Eurofound (2026), Voestalpine, Internal restructuring in Austria, factsheet number 301420, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301420.
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