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 Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.32 - Cold rolling of narrow strip
European Globalisation Fund (EGF)
Year: 2010, Case number: 07
80 jobs Number of planned job losses
Announcement Date
26 March 2009
Employment effect (start)
26 March 2009
Foreseen end date
Description
The steel manufacturer Böhler-Uddeholm Precision Strip is to cut 80 out of its 525 employees at its site in Böhlerwerk, Lower Austria. The measures will come into effect within an indefinite time period. According to management, the planned restructuring is caused by continued worsening of the economic situation in practically all essential markets. In order to make the dismissals socially acceptable, the employees concerned may opt for a re-employment scheme, which also includes some financial compensation.
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