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
109 jobs Number of planned job losses
Announcement Date
21 May 2013
Employment effect (start)
Foreseen end date
31 December 2013
Description
The Austrian company AT&S, a manufacturer of printed circuit boards, is to shut down its production site in Klagenfurth, thus making all of its 109 employees redundant.
The production site, which has been bought from the insolvent company AIK Electronics Austria in 2003, is to be closed at the end of 2013. The step is due to decreasing demand in one-sided printed circuit boards in Europe, as well as to cheap competition from Asia. Losses in production at the site amounted to EUR 1.45 million in 2012.
The two remaining sites in Leoben and Fehring (both in Styria, with some 1180 employees) are not affected by this closure. However, in 2008/09, some 750 employees have already been made redundant in Leoben (see restructuring cases AT&S2009 and AT&S2008) due to offshoring to Asian sites.
A social plan for the 109 employees will be set up, including a re-employment scheme run by the province of Carinthia.
Sources
21 May 2013: Wirtschaftsblatt
21 May 2013: Kurier
21 May 2013: Die Presse
Citation
Eurofound (2013), AT&S, Closure in Austria, factsheet number 75407, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75407.
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