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 Other Transport Equipment 30 - Manufacture of other transport equipment
100 jobs Number of planned job creations
Announcement Date
5 November 2008
Employment effect (start)
5 November 2008
Foreseen end date
31 March 2009
Description
On 5 November 2008, the Fischer Advanced Composite Components (FACC) corporation, a leading company specialised in the development, design and manufacture of composite components and systems for civil aircraft, announced in a press release the creation of around 100 jobs by March 2009. This is because the company headquartered in Ried (Upper Austria) has received an open-ended order to produce flap track fairing systems for the Airbus plane series A330, A340 and A380. The volume of this order amounts to € 58.5 million within the next four years. The whole FACC group had a turnover of € 251.9 million in the business year 2007-8 and currently employs 1,600 workers in Austria and about 40 abroad.
Sources
5 November 2008: Der Standard
Citation
Eurofound (2008), FACC, Business expansion in Austria, factsheet number 67364, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67364.
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