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 Electrical Equipment 27 - Manufacture of electrical equipment
New offshoring locations
Not Available
190 jobs Number of planned job losses
Announcement Date
7 December 2006
Employment effect (start)
1 July 2007
Foreseen end date
31 December 2008
Description
The traditional manufacturer of electric motors and drive systems, ATB, which is located in Spielberg, Styria, will dismiss up to 190 employees by 2008. This was announced by the company's CEO, Christian Schmidt, on 7 December 2006. Part of the production of lawn mower motors will be relocated to an ATB plant in Serbia for cost reduction reasons. The planned relocation will start in summer 2007 and be finalised in the course of 2008. The affected Spielberg site currently employs some 700 workers. According to Mr Schmidt the management is willing to initiate negotiations with the works council about the possible implementation of a social plan.
Sources
7 December 2006: Der Standard
Citation
Eurofound (2006), ATB, Offshoring/Delocalisation in Austria, factsheet number 64622, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64622.
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