Androsch confirmed
Big bang at AT&S: CEO steps down
The CEO of the Styrian printed circuit board manufacturer AT&S, Andreas Gerstenmayer, is leaving the Management Board prematurely on September 30. The decision came as a "complete surprise", a company spokesman explained.
The company spokesman gave no further details or reasons for the resignation. There is also no information about possible successors.
"Personal decision"
Industrialist Hannes Androsch, whose foundation holds an 18 percent stake in the PCB manufacturer, spoke of a "personal decision" by Gerstenmayer.
Sharp job cuts after losses
There was already a stir in the company in mid-May when it was announced that up to 1,000 jobs would have to be cut worldwide due to the difficult economic situation, including up to 250 in Styria. The company produces in Leoben and Fehring. The remaining up to 750 jobs are mainly in Asia - AT&S operates plants in China.
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