After the bankruptcy of KTM AG and the closure of the Schaeffler plant in Berndorf, Lower Austria, at the end of 2025, there is already the third bad news this week: Siemens will close its industrial power supply plant in Vienna by the end of 2026.
Jobs in the business-related environment are being sought for the 178 affected employees. “There are currently approximately 100 open vacancies at Siemens in Austria,” says the German electronics company.
The reason for the end was that automation capabilities would be adapted worldwide to strengthen competitiveness. “Part of these measures are changes in the industrial sector at Siemens Austria,” the company said. At the same time, European production capabilities at the plant in Sibiu, Romania, “would be used as needed,” Siemens explained in a press release on Thursday. This measure would increase synergies in the region for which Austria is responsible.
The leadership remains in Vienna
The management of the global industrial energy supply activities, including the research and development center and product and quality management, will remain in Vienna. In total, approximately 9,300 people work for Siemens in Austria. Turnover in the 2023 financial year amounted to 3.2 billion euros. Siemens Austria serves a further 25 countries from Vienna.
Automotive supplier Schaeffler closes factory
Yesterday, German automotive supplier Schaeffler announced that it will close its factory in Berndorf, Lower Austria, at the end of next year. 450 employees are affected. It had previously become known that the traditional Upper Austrian company KTM had gone bankrupt. The subsidiary Pierer Mobility is currently preparing an application for a self-managed restructuring procedure. This must be submitted tomorrow, Friday.
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.
