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
95 jobs Number of planned job losses
Announcement Date
3 June 2012
Employment effect (start)
24 November 2011
Foreseen end date
31 December 2012
Description
The Austrian branch of Nokia Siemens Network (NSN) is to lay off 95 employees in the frame of its global restructuring plan announced in November 2011 (see here).
The company, a telecommunications joint venture by Finnish Nokia and German Siemens, has registered 25 employees with the early warning system of the Public Employment Service AMS at the end of May and is to lay off additional 70 workers until the end of 2012.
The company currently employs 400 people in Austria.
Sources
23 November 2011: Die Presse
23 November 2011: Der Standard
20 December 2011: Wirtschaftsblatt
3 June 2012: Wirtschaftsblatt
Citation
Eurofound (2012), Nokia Siemens Networks, Internal restructuring in Austria, factsheet number 72813, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72813.
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