At the Upper Austrian car supplier TCG Unitech, with its headquarters in the district town of Kirchdorf an der Krems, business is booming: 882 of the 960 employees are registered with the AMS early warning system, and instead of collectively agreed wages and salary increases of 4.8 percent in the metal industry, there should be individual agreements and announcements for changes, nachrichten.at reported on Tuesday.
It was said that wages should remain the same due to the difficult situation in the automotive industry. The company has been part of the Italian Gnutti Carlo Group since 2018 and produces high-tech components for the automotive industry, and since 2020 also for the non-automotive sector. The business areas are injection molding, injection molding and oil and coolant pumps. There are four locations in the Kirchdorf district (two factories in Kirchdorf and one each in Micheldorf and Rohr) and a joint venture in China (Dalian). Approximately 245 million euros are generated annually.
882 of the 960 employees were registered with the AMS early warning system, works council chairman Roswitha Grammer confirmed according to the “Oberösterreichische Nachrichten”. Excluded from this are students, employees who are partially retired or those who are paid according to a collective agreement. Nowadays, individual conversations would take place. Employees would have to decide whether or not to sign new contracts with a wage exemption of 4.8 percent plus. The uncertainty is great.
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.
