Job cuts again
Steyr Automotive registers 200 employees with AMS
The job cuts at Steyr Automotive, owned by investor Siegfried Wolf, continue. According to media reports, the vehicle manufacturer has registered around 200 employees with the early warning system of the Public Employment Service Austria (AMS). The number of employees at the former MAN plant is therefore likely to fall below 1000.
"The market-wide decline in production volumes of more than 20 percent is affecting all business areas, meaning that even internal staff transfers can no longer compensate for capacity," Managing Director Florian Mayrhofer is quoted as saying in a newspaper.
Styrian Siegfried Wolf took over Steyr Automotive in the Upper Austrian town of the same name three years ago in order to save it from the closure planned by German truck manufacturer MAN.
At the time, the company employed a good 2000 people. Wolf, who maintains very good business contacts with Russia, originally wanted to set up a commercial vehicle production facility with the Russian Gaz Group. This came to nothing due to the war in Ukraine.
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