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 Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28 - Manufacture of machinery and equipment n.e.c.
300 jobs Number of planned job losses
Announcement Date
19 August 2009
Employment effect (start)
1 January 2009
Foreseen end date
19 August 2009
Description
The Austria-based Schoeller-Bleckmann Oilfield Equipment has laid off about 300 employees worldwide since the beginning of 2009, most of them at its plants in the USA, Austria and the UK. Restructuring has become inevitable since oilwell drilling activities have decreased worldwide due to the current global crisis. As a consequence, the demand for oilfield equipment has shrunk likewise. This was reported by the newspaper Der Standard on 19 August 2009.
Sources
19 August 2009: Der Standard
Citation
Eurofound (2009), Schoeller -Bleckmann Oilfield Equipment, Internal restructuring in World, factsheet number 69404, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69404.
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