AVL List

Type
Internal restructuring
Country
Austria
Region
Südösterreich; Steiermark; Graz
Location of affected unit(s)
Graz
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
29.3 - Manufacture of motor vehicle parts and accessories
29.31 - Manufacture of electrical and electronic equipment for motor vehicles
200 jobs
Number of planned job losses
Job loss
Announcement Date
27 February 2024
Employment effect (start)
1 March 2024
Foreseen end date
31 December 2024

Description

AVL List, a technology company in Graz, has announced the direct dismissal of 70 employees in March 2024, as well as 130 additional job cuts.

The 130 positions are meant to be cut through not filling positions after retirements. As a result, a total of 200 jobs will be cut this year, which reduces the number of employees from 4.300 to 4.100 people.

The company has agreed with the works council that the competition and employment protection clause will be applied. The spokesman of the company states the high costs of personnel and energy to be the main reasons for the cutting measures.

Sources

Citation

Eurofound (2024), AVL List, Internal restructuring in Austria, factsheet number 200986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200986.