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
200 jobs Number of planned job losses
Announcement Date
15 December 2013
Employment effect (start)
5 September 2014
Foreseen end date
Description
Magna Steyr, specialist in automotive engineering and vehicle assembly, is to cut some 300 temporary agency workers in Graz-Thondorf from February 2014.
This is due to the decline in the production of vehicles and a switch from three to two work shifts.
During 2013, some 400 permanent workers have been hired by the company.
Update 11-09-2014:
The company has confirmed that 200 temporary agency workers, who were initially to be made redundant last February, are now sent back to their recruiting companies. Due to strong levels of orders the reduction was postponed and the number of job cuts reduced from 350 to 200, according to the company’s spokesperson.
Sources
9 September 2014: Wirtschaftsblatt
16 December 2013: Kleine Zeitung
15 December 2013: Der Standard
Citation
Eurofound (2013), Magna Steyr, Internal restructuring in Austria, factsheet number 76347, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/76347.
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