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 Fabricated Metal Products, Except Machinery And Equipment 25.61 - Treatment and coating of metals
New offshoring locations
Romania
115 jobs Number of planned job losses
Announcement Date
29 August 2009
Employment effect (start)
31 December 2009
Foreseen end date
31 December 2009
Description
At the end of February 2009, Styria Vzmeti, a producer of fasteners, screw machine products, chain and springs, located in Ravne na Koroškem, reduced its workforce by 146 workers and now employs 115 workers (see factsheet ID12934). The reason for the downsizing of emplyment was a decrease in orders. Since then the situation has further aggravated and parent company, Austrian Styria Group, decided to close down Styria Vzmeti and to relocate production to Sibiu in Romania. This means that all the remaining 115 employees will lose jobs.
Sources
29 August 2009: Delo
Citation
Eurofound (2009), Styria Vzmeti, Offshoring/Delocalisation in Slovenia, factsheet number 69459, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/69459.
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