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ThyssenKrupp closes plant in Gratkorn (Styria)

admin — Wed, 07 May 2008 11:21:28 +0000

The German combine ThyssenKrupp from Düsseldorf is going to close its plant for the manufacture of elevators in the Austrian town of Gratkorn.

300 employees are affected. The factory should close in 18 months.

Gratkorn is located in the north of Styrias provincial capital of Graz. The main reasons of the closure are the competitive pressure, and a changed situation on the market.

A redundancy programme should cushion the worst destinies of the 300 workers. All of them should find new jobs.

ThyssenKrupp also had to close its factory in Valencia (Spain).

Photographer: Vinicius Tupinamba | Agency: Dreamstime.com

Swarovski Optik thinks about job cuts

admin — Fri, 02 May 2008 05:54:42 +0000

The Austrian family enterprise Swarovski suffers under a low dollar price, and cheap business competition from Egypt and China.

These are the main reasons that the company thinks to cut about 400 jobs.

The sales decreased down to 5 percent. Now the company must also decrease its output.

Not that serious is the situation for the managers of Swarovski. “We are going to survive”, they say. There were a much bigger problems for the company in the 70′s, when the oil crisis made the sales go down to 40 percent.

In the last two years Swarovski invested more than 80 million Euro in its location in the Tyrolean town of Wattens.

USA tells Austrian enterprises: “No business with Iran”

admin — Wed, 19 Sep 2007 05:33:18 +0000

“It’s not allowed to make business with Iran”, says the US-government and points its finger to several Austrian companies.

Especially the OMV, which is Austria’s largest oil-producing, refining and gas station operating company with important activities in other Central European countries, is very pressured by the USA.

Also Austrian banks feel the discomfort of the US-American politicans about their activities.

The Austrian economy is worried about the serious danger of war between USA and Iran. Austria is doing a lot of business with Iran. 340 mio EUR is the value of the exports from Austria to Iran every year. Also some big project of Austrian companies in Iran are on the line.

Air Technology Scheuch gives workers one million EUR extra

admin — Mon, 10 Sep 2007 08:39:51 +0000

The boss of the air technology enterprise wants to let his employees take part in the success of his company.

This year 500 employees are going to receive a monthly salary extra. The whole bonus amounts one million EUR.

The business year 2006/07 was a very successful one for the manufacturer of flue gas cleaning, suction, and dedusting plants from Austrias federal state Upper Austria. The sales increased by 14 percent up to 106 mio EUR. “That’s why our workers deserves the bonus”, says Scheuch boss Herbert Kendler.

The products of Scheuch are needed to guarantee fresh air. This is very important for particular industries. Scheuch is 100 percent in family property. This years sales increase should amount between 20 and 30 percent. The company has two factories. One in Austria, and another one in Slovakia.