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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
250 jobs Number of planned job creations
Announcement Date
25 May 2007
Employment effect (start)
1 January 2005
Foreseen end date
31 December 2007
Description
AVL List, a company specialised in the development and manufacture of automobile engines and engine and vehicle testing, plans to further expand its business activities by enlarging the factory at its headquarters in Graz. According to Helmut List, the enterprise’s CEO, the firm wants to continue its current investment policy, amounting to 90 million Euro, in particular in the firm’s R&D branches. The current business expansion programme has increased the workforce at the headquarters in Graz from 1,450 to 1,550 employees during 2005-6 and is aimed to further create some additional 150 jobs in 2007.
Sources
25 May 2007: Der Standard
Citation
Eurofound (2007), AVL List, Business expansion in Austria, factsheet number 65443, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65443.
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