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 Rubber And Plastic Products And Other Non-Metallic Mineral Products Manufacture Of Other Non-Metallic Mineral Products 23 - Manufacture of other non-metallic mineral products
New offshoring locations
Various EU Locations
1,100 jobs Number of planned job losses
Announcement Date
25 March 2009
Employment effect (start)
25 March 2009
Foreseen end date
31 December 2010
Description
The Tyrolean, family-run glassware and jewellery maker Swarovski announced on 25 March 2009 that it will cut 600 jobs at its headquarters in Wattens by the end of 2009. An additional 500 jobs are planned to be relocated abroad in the course of 2010 - a majority of them to central or eastern Europe. According to the company, this move is inevitable due to exacerbated competitive conditions. Whereas technology-based and know-how driven production stages shall remain at the headquarters in Wattens, a range of manual assembling activities shall be shifted to countries with lower labour costs.
At present, the site in Wattens employs some 5,600 workers. The employees affected by the lay-offs will be eligible to enter an existing regional re-employment scheme.
Eurofound (2009), Swarovski, Offshoring/Delocalisation in Austria, factsheet number 68835, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68835.
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