Type
Internal restructuring
Country
Austria
Region
Westösterreich; Oberösterreich; Linz-Wels
Location of affected unit(s)
Linz
Sector
Manufacturing
Manufacturing Of Machinery And Equipment
Manufacture Of Machinery And Equipment N.E.C.
28.2 - Manufacture of other general-purpose machinery

100 jobs
Number of planned job losses
Job loss
Announcement Date
1 February 2020
Employment effect (start)
1 October 2020
Foreseen end date
31 December 2020

Description

Bilfinger Maschinenbau, a company engaged in machinery and plant engineering, has announced the cut of up to 100 jobs in their production plant in Linz. The reason for the internal restructuring is the search for potential buyers of the company. The job reduction will start in the third quarter of 2020. The negotiations for a redundancy plan have started already.

The company belongs to the german Bilfinger SE Group, with a total of 35.905 employees and a turnover of €4,153 billion as of 2018.


Sources

Citation

Eurofound (2020), Bilfinger Maschinenbau, Internal restructuring in Austria, factsheet number 99802, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/99802.