Profits collapse
“Adaptation”: Gun manufacturer Glock cuts jobs
Several employees have been made redundant at Austrian gun manufacturer Glock. Two sites are affected. It is unclear how many jobs will be cut.
According to insiders, there is talk of around 60 employees - although the company itself officially refers to "fewer than 30 employees" at the sites in Ferlach (Carinthia) and Deutsch-Wagram (Lower Austria).
The redundancies were made "in the course of the adjustment of production capacity in 2024".
It should be noted that the future of all Glock sites is secure in any case.
Das Unternehmen Glock in einer Aussendung
A total of around 1800 employees work at the two Glock sites. "It should be noted that the future of all Glock sites is definitely secure," the company announced.
Slump in profits
The pistol manufacturer closed the year 2023 with significantly lower sales and net profit. Net profit amounted to 431 million euros after 515.4 million euros in the previous year. Turnover was 615.7 million euros after 829.5 million euros in 2022. Profit after tax amounted to 39.7 million euros (2022: 146.2 million euros) and net profit for the year was 39.7 million euros (2022: 146.2 million euros).
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