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 Chemicals And Pharamceuticals Manufacture Of Chemicals And Chemical Products 20.42 - Manufacture of perfumes and toilet preparations
New offshoring locations
Germany
90 jobs Number of planned job losses
Announcement Date
21 January 2020
Employment effect (start)
21 January 2020
Foreseen end date
Description
The cosmetics producer L'Oreal plans to offshore around 90 jobs from its newly opened site in Vienna to Germany. The reason for the restructuring is the company's plan to develop and specialise an IT hub in Germany. Currently, the hub in Vienna employs 316 workers. As of January 2020, it is unknown when the restructuring will be implemented. A speaker of the company announced, that the actual number of dismissals depends on the willingness of the staff to move to Germany.
The Paris-based company L'Oreal is a market leader in Austria and has an annual turnover of €27 billion worldwide.
Eurofound (2020), L'Oreal, Offshoring/Delocalisation in Austria, factsheet number 99693, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99693.
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