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.
Ostösterreich; Niederösterreich; Wiener Umland/Südteil
Location of affected unit(s)
Brunn am Gebirge
Sector
Manufacturing Manufacturing Of Machinery And Equipment Manufacture Of Machinery And Equipment N.E.C. 28.12 - Manufacture of fluid power equipment
126 jobs Number of planned job losses
Announcement Date
27 June 2018
Employment effect (start)
27 June 2018
Foreseen end date
31 December 2018
Description
The US based company Flowserve, specialized in manufacturing transporation systems for liquids, gas and fumes, has announced126 job cuts in Brunn am Gebirge (Lower Austria). The company referred to global difficulties in the oil and gas industry which required restructuring and the reduction of production capacieties. Flowserve will cease production of pumps on the site in Brunn am Gebirge by the end of 2019, keeping only the competence centre with 60 employees. In the centre the focus will be on engineering, research and development and costumer service. Currently, the company employs 186 people at the site. Negotiations about a social plan for affected employees are currently underway.
Sources
27 June 2018: Der Standard
27 June 2018: orf online
Citation
Eurofound (2018), Flowserve SIHI, Internal restructuring in Austria, factsheet number 94466, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/94466.
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