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. 28.13 - Manufacture of other pumps and compressors
New offshoring locations
Slovakia
120 jobs Number of planned job losses
Announcement Date
13 May 2015
Employment effect (start)
13 May 2015
Foreseen end date
31 December 2015
Description
The German producer of compressors for refrigerators and freezers, Secop , is relocating parts of its production from Austria to Slovakia by the end of 2016, making 120 employees redundant.
Secop took over the insolvent ACC Austria in 2013 but has not been able to make it operate profitably. The company set out plans to outsource major production processes to its site in Zlate Moravce, Slovakia, where a competence centre will be build. In Fürstenfeld, Austria, only highly automated production lines will remain. However, Furstenfeld will continue as a major location for developing the latest technology for the Secop Group.
Job cuts will probably be completed by the end of 2015. No further details on company support for the affected employees have been announced so far.
Sources
13 May 2015: orf online
13 May 2015: Der Standard
13 May 2015: Wirtschaftsblatt
Citation
Eurofound (2015), Secop, Offshoring/Delocalisation in Austria, factsheet number 83603, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/83603.
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