Internal restructuring
Südösterreich; Steiermark; Graz
Location of affected unit(s)
Manufacture For Transport Equipment
Manufacture Of Motor Vehicles, Trailers And Semi-Trailers
29.1 - Manufacture of motor vehicles
European Globalisation Fund (EGF)
Year: 2009, Case number: 9

600 jobs
Number of planned job losses
Job loss
Announcement Date
26 August 2008
Employment effect (start)
26 August 2008
Foreseen end date
31 December 2008


Magna Steyr, specialists in automotive engineering and vehicle assembly is to cut its workforce by about 600 out of 8,000 employees at its production site in Graz. This means that about 350 temporary agency workers and 250 regular staff stand to lose their jobs by the end of 2008. According to Daniel Witzani, a company spokesperson, restructuring has become necessary since the production of a certain BMW automobile model is about to expire. However, in 2010 at the latest, part of these employees might be re-employed again, because new production lines will start then. The employees affected by dismissals will be covered by a re-employment scheme, which is co-financed by the company, the Labour Market Service and the regional government of Styria. The company has around 20 plants throughout the country employing around 10,000 workers in total.

As reported, Austria has applied for assistance from the European Globalisation Adjustment Fund (EGF).


  • 26 August 2008: Der Standard


Eurofound (2008), Magna Steyr, Internal restructuring in Austria, factsheet number 67015, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67015.