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 24.2 - Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
125 jobs Number of planned job losses
Announcement Date
25 July 2019
Employment effect (start)
1 September 2019
Foreseen end date
Description
At Voestalpine Tubulars in Kindberg (Styria) 125 out of 1,300 employees are made redundant as production is scaled down form four to three shifts by September 2019. The company, which is a joint venture between the Austrian based voestalpine-group and the US based NOV Granz Prideco, produces seemless steel pipes. According to voestalpine tubulars, the restructuring in production is necessary because the US increased custom duties on steal- and aluminium products from Europe. Additionally, a declining oil price has reduced demands.
The affected 125 employees have been registered with the public unemployment service (AMS) and have been offered to make use of voestalpines' work foundation. An additional 50 employees have been transfered to different jobs wihtin the voestalpine-group.
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