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 Basic Metals 24.33 - Cold forming or folding
120 jobs Number of planned job losses
Announcement Date
29 January 2014
Employment effect (start)
29 January 2014
Foreseen end date
Description
Steel and aluminium constructing company MA-TEC is bankrupt, resulting in the loss of all of its 120 workplaces.
This was decided by the insolvency court on 24 January after the reorganisation of the company had failed. The company had entered into administration on 15 January after it had incurred losses in large projects.
The three further companies of the group are not concerned by the shutdown.
Sources
29 January 2014: Wirtschaftsblatt
Citation
Eurofound (2014), MA-TEC, Bankruptcy in Austria, factsheet number 76571, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76571.
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