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 29.3 - Manufacture of parts and accessories for motor vehicles
150 jobs Number of planned job creations
Announcement Date
14 June 2005
Employment effect (start)
1 January 2007
Foreseen end date
Description
The governor of Carinthia, Jörg Haider, and the CEO of Magna Steyr, Siegfried Wolf, announced at a joint press conference held on 14 June 2005 that a new Magna site will be built in Klagenfurt, the capital of Carinthia. Magna Steyr is Austria's largest company in the automotive supplier industry, employing some 11,000 workers at 20 plants. The construction of the new production premises will start in spring 2006 and be finished in the course of 2007, when in between 150 and 200 additional workers are planned to be hired. The plant will be specialised in the production of electronic equipment for motor vehicles, in particular of that related to the electronic steering of seats and outside rear-view mirrors.
Sources
14 June 2005: Wirtschaftsblatt
Citation
Eurofound (2005), Magna Steyr, Business expansion in Austria, factsheet number 61825, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/61825.
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