The location in Hallein in Salzburg will be protected in the future, has aligned the management of EMCO. There is a clear deployment of the owners family. This year you want to write black again. However, this is at the expense of works abroad.
The machine manufacturer Emco has had two gloomy years. The company wrote red songs. Employees are bothering for their work. A restructuring course started.
Now there is light on the Horizon – at least for the location in Hallein. With Karl Pichler, Alexander Steinacher and Jörg Weinkogl, three new managing directors are in office. Together with the Kuhn family of owners, the consultant Andreas Tostmann ordered a rigorous austerity course – with a clear dedication to Hallein.
A few months after the start of the austerity course you are confident. “We will write black songs this year,” says CFO Steinacher. External costs were drastically reduced. The production is optimized, you relate to more efficient processes through modular systems. The work in Magdeburg is closed. The three locations in Italy can be merged. “In sales we position ourselves wider and we trust future segments such as medical technology,” explains Weinkogl. Credo: more power, fewer staff, fewer locations.
The USA market is a growth area for EMCO
In times of the global economic crisis, where the United States threaten almost all countries with high rates, EMCO can look forward to the market in North -America. According to sales director Weinkogl, there are only similar competition from Asian countries, mainly China – and it is known that they are confronted with exorbitant rates. So you don’t feel the rates at the moment, but rather growing on the American market.
In any case, the dedication of the company at the Hallein location applies to the company. Andreas Kuhn, representative of the euendorfer Kuhn -Dynasty, says: “We are proud of our company here. We are Salzburg itself and the restructuring should secure the location here.”
“Ideally, we have the fate of Hallein,” says Pichler, and lets the 350 employees in Hallein inhale a sigh of relief after fear of months.
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.
