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

150 - 200 jobs
Number of planned job losses
Job loss
Announcement Date
29 September 2008
Employment effect (start)
1 January 2009
Foreseen end date
31 December 2009


Magna Steyr, specialist in automotive engineering and vehicle assembly, is to continue its redundancies programme, resulting in the loss of 150 to 200 jobs at its plant in Graz. The job losses will be implemented in 2009. According to management, further restructuring has become necessary since production capacities regarding particular Chrysler automobile models have to be reduced to cope with declining sales in the U.S.market. However, in 2010 at the latest, some of the redundant 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.


  • 29 September 2008: Der Standard


Eurofound (2008), Magna Steyr, Internal restructuring in Austria, factsheet number 67199, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67199.