The assembly of the trucks for the former owner MAN ends at the end of September, but at the same time not all projects start as planned – this combination means that Steyr Automotive will have to make savings again. In the AMS early warning system alone, 260 employees have registered for redundancy.
The company, which has been owned by Siegfried Wolf and his WSA GmbH since September 2021, recently registered 260 employees for dismissal with the employment service’s early warning system. “A precautionary measure,” says Steyr Automotive. But that’s not all: 100 temporary workers also have to leave. In addition, the company must “continue to work on streamlining its cost structure,” the vehicle manufacturer emphasizes.
“Short-term work is being reviewed”
A lot of flexibility is expected from the workforce, which will shrink to approximately 1,400 employees in these challenging times: employees should be deployed to other parts of the factory if necessary and educational leave opportunities should be used for further training. “Measures such as shorter working hours are being investigated,” say the bosses of Steyr Automotive.
Supplier has problems
The situation was further exacerbated when a customer had to halve its planned production volume by the end of the year because a key supplier experienced significant supply problems. The Swedish electric truck brand Volta Trucks, which has chosen Steyr as a production partner, would be affected here.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
