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Tag: job cuts austria

  • Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

    Uniqa Insurance to close 1/3 of its locations in Austria and cut 600 jobs

    As part of UNIQA Insurance Group AG new ”growth strategy”, it is necessary to close a third of the sites in Austria and cut 600 jobs, Heute reports.

    Most of this job cuts are to be made in Austria, by 2022.

    However, the reduction in staff should be ”to the greatest extent possible” through natural departures and consensual contractual solutions.

    At EUR 213 million, pre-tax profit was maintained at the previous year’s level, with consolidated net income amounting to a whopping EUR 165 million. 

    Even more, over the past nine years, the number of customers has doubled to 15 million, and the dividend per share increased for the seventh year in a row.

  • Cable car builder Doppelmayr to cut around 200 jobs

    Cable car builder Doppelmayr to cut around 200 jobs

    Due to the corona crisis, the cable car builder Doppelmayr has to cut almost 200 jobs worldwide, Heute reports.

    At the Wolfurt site in Austria, 95 employees will lose their jobs. After several months of short-time work, the number of workers had to be adjusted, the management announced.

    For 120 temporary workers who had been hired for peak production periods, there was already no new contract offers in the summer. The company is heavily dependent on tourism.

    The past financial year was still very successful for the Doppelmayr Group with sales of EUR 872 million. This year, however, there is an industry-wide drop in sales of just over a third, explains the managing director, Thomas Pichler.

    The Doppelmayr/Garaventa Group, headquartered in Wolfurt, is the world market leader in cable car construction and operates in 50 countries. Other locations include Goldau (Switzerland), Salt Lake City (Utah, USA), Lana (Italy) or Saint-Jéréme (Quebec, Canada).

    The company employs 3.400 people worldwide.

  • MAN to cut around 9.500 jobs in Austria and Germany

    MAN to cut around 9.500 jobs in Austria and Germany

    German truck and bus manufacturer MAN, controlled by Volkswagen, announced that it could lay off up to 9,500 employees in Austria and Germany as part of its cost-cutting program amid reduced sales following the coronavirus pandemic (COVID -19).

    This measure is intended to help the company achieve an 8% profitability in sales in 2023, said MAN, which belongs to the Traton group within Volkswagen.

    According to the cost reduction plan, MAN’s development and production departments will be reorganized and the production units in Steyr, Austria, Plauen and Wittlich in Germany could be closed.

    The company aims a cost cut of 1.8 billion euros ($ 2.1 billion) by 2023.

  • Voestalpine cuts up to 550 jobs in Styria, Austria

    Voestalpine cuts up to 550 jobs in Styria, Austria

    The Austrian steel group Voestalpine suffered heavy losses in the 2019/20 financial year and recorded a loss of EUR 216 million, compared with a profit of EUR 459 million the year before.

    “We are in the process of negotiating a social plan for around 500 to 550 employees”, Group CEO Herbert Eibensteiner said in a conference call on Wednesday, cited by Heute.

    There will be around 250 jobs in Kindberg and up to 300 in Kapfenberg. Apprenticeships and research jobs are not affected by the savings.

    In Styria, Voestalpine currently employs around 3.500 people on short-time schedule, almost a third of the workforce.

    Global steel demand is expected to fall 6.4% this year due to the COVID-19 pandemic’s impact on industrial and construction activity, before bouncing back next year, according to the World Steel Association.

    Voestalpine expects demand to further slow over the summer, partly due to seasonal shutdowns, and hopes to be better able to assess further order development after September.

  • 90 percent of ATB Spielberg, Austria, workforce to be cut

    90 percent of ATB Spielberg, Austria, workforce to be cut

    At the Austrian electric motor manufacturer ATB, 360 out of about 400 employees in Spielberg are about to be fired, Heute writes.

    This would mean the end of production in Upper Styria.

    Until now, household and garden tools, such as lawnmowers, have been manufactured at the Spielberg plant. However, the factory was recently affected by massive order failures.

    A spokeswoman for the company told APA that production will be relocated within Europe. It is not known at this stage whether and when the machines will be removed from Spielberg.

    360 employees have been registered for dismissal in the early warning system of the Labour Market Service (AMS).

    ATB has been part of China’s Wolong Group since 2011. The company employs around 3.500 people worldwide, including those in Mönchengladbach, Leeds, Eindhoven, Vojvodina and Wuhan.

  • Swarovski to cut another 1.000 jobs in Austria

    Swarovski to cut another 1.000 jobs in Austria

    This autumn, a further 1.000 jobs are to be cut at Swarovski headquarters in Wattens.

    On Monday, 200 Swarovski employees at their main site in Wattens received their dismissal by email, Heute reported. 

    The group announced on Tuesday that a further 1.000 jobs will be cut in the autumn from a total of 4.600 employees. Managing director Robert Buchbauer called this a “painful but unalterable decision” in an ORF interview.

    Almost all employees in Wattens are on a short-time schedule until September.

    Also, as many as 600 jobs are to be terminated worldwide.