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 Computer, Electronic And Optical Products 26 - Manufacture of computer, electronic and optical products
New offshoring locations
300 jobs Number of planned job losses
Announcement Date
4 June 2009
Employment effect (start)
4 June 2009
Foreseen end date
Description
AT&S, one of the largest printed circuit board producers in Europe, is to reduce its workforce by additional 300 employees at its plant in Leoben-Hinterberg in the province of Styria, after the company had laid off around 450 workers in November 2008. Thus the workforce will be reduced to about 600 employees only. In mid-2008, the company still employed 1,370 workers. Part of its core business is planned to be relocated to India and other Asian countries, which will require one-off expenditures of €40 million. This was announced on 4 June 2009 by the AT&S management, which argued that restructuring has become inevitable since the site is no longer competitive for cost reasons. According to management, the global economic downturn has further aggravated the situation. The redundancies effect timeline has not been announced thus far.
Eurofound (2009), AT&S, Offshoring/Delocalisation in Austria, factsheet number 69050, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69050.
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