All the European investment, retail, real estate, office and industry news in English language

Monday | August 10 | 2020

90 percent of ATB Spielberg, Austria, workforce to be cut

At the Austrian electric motor manufacturer ATB, 360 out of about 400 employees in Spielberg are about to be fired, Heute writes.

This would mean the end of production in Upper Styria.

Until now, household and garden tools, such as lawnmowers, have been manufactured at the Spielberg plant. However, the factory was recently affected by massive order failures.

A spokeswoman for the company told APA that production will be relocated within Europe. It is not known at this stage whether and when the machines will be removed from Spielberg.

360 employees have been registered for dismissal in the early warning system of the Labour Market Service (AMS).

ATB has been part of China’s Wolong Group since 2011. The company employs around 3.500 people worldwide, including those in Mönchengladbach, Leeds, Eindhoven, Vojvodina and Wuhan.

- Advertisment -