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 29.10 - Manufacture of motor vehicles
150 jobs Number of planned job creations
Announcement Date
9 July 2015
Employment effect (start)
1 September 2015
Foreseen end date
31 December 2015
Description
Magna Steyr, specialist in automotive engineering and vehicle assembly, announced to create 150 new jobs in the production of the Mercedes G-Class in autumn 2015 due to the ongoing success of the model.
Additionally, Magna also declared a special need for new personnel by 2017 due to new contracts with Jaguar Land Rover. An estimated number of 2,000 new jobs will be created. To meet the anticipated demand of employees the Federal State of Styria, the Austrian public employment service (AMS) and Magna Steyr established the 'Regionale Implacementstiftung Automotive Styria' (implacement work foundation) for a maximum number of 1.530 people with a total budget of €9.2 million. The foundation provides training and re-training for unemployed people registered with the AMS so that their qualifications match the requirements of the vacant jobs. The focus is on mechatronics, mechanical engineering, painting and body construction.
Sources
9 July 2015: Wirtschaftblatt
2 July 2015: Wirtschaftsblatt
9 July 2015: Kleine Zeitung
Citation
Eurofound (2015), Magna Steyr, Business expansion in Austria, factsheet number 84253, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84253.
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