The CEO of the Styrian printed circuit board manufacturer AT&S, Andreas Gerstenmayer, is leaving the board early on September 30. The decision was “completely surprising,” according to a company spokesman.
The company spokesperson did not provide further details or reasons for the withdrawal, nor was there any information about possible successors.
“Personal decision”
Industrialist Hannes Androsch, whose foundation has an 18 percent stake in the printed circuit board manufacturer, spoke of a “personal decision” by Gerstenmayer.
Significant job losses after losses
In mid-May, there was already excitement at the company 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 factories in China.
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.
