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
European Globalisation Fund (EGF)
Year: 2009, Case number: 9
600 jobs Number of planned job losses
Announcement Date
26 August 2008
Employment effect (start)
26 August 2008
Foreseen end date
31 December 2008
Description
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.
Eurofound (2008), Magna Steyr, Internal restructuring in Austria, factsheet number 67015, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67015.
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