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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.1 - Manufacture of motor vehicles
New offshoring locations
Germany
500 jobs Number of planned job losses
Announcement Date
5 December 2006
Employment effect (start)
1 January 2007
Foreseen end date
Description
The Austrian Magna Steyr concern, a corporation specialised in automotive engineering and vehicle assembly headquartered in Graz, with around 20 plants throughout the country employing 11,000 workers in total, will reduce its workforce at the production site in Graz. This means that about 500 out of some 1,700 temporary agency workers stand to lose their jobs in the beginning of 2007. Some 7,300 regularly employed workers at the plant are not affected. According to Bernd Oberzaucher, the enterprises spokesperson, the reason for staff reduction lies in the planned cancellation of an order of the German Mercedes concern, so that the assembly of a certain Mercedes car model will expire by the end of 2006. The full manufacture of this model will be relocated to the Mercedes production site in Sindelfingen, Germany.
Sources
5 December 2006: Der Standard
Citation
Eurofound (2006), Magna Steyr, Offshoring/Delocalisation in Austria, factsheet number 64600, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64600.
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