Voestalpine reorganizes automotive component business sites in Germany

Voestalpine AG

18/10/2024 12:31

Oct 18 (Reuters) - Voestalpine  VOES.VI  will reorganize
its automotive component business locations in Germany,
including the closure of one of the sites, to respond to falling
demand and structural changes, the Austrian specialty steelmaker
said on Friday.
    The plants in Dettingen, Schmoelln, Schwaebisch Gmuend and
Boehmenkirch will form a joint production network, with each
site focused on selected core technologies, Voestalpine said.
    "The aim of these measures is to secure the future of the
automotive supply segment of the Metal Forming Division in the
long term, and with it around 2,000 jobs in Germany," it said.
    Operations in Birkenfeld will be discontinued subject to the
outcome of negotiations with the works council and the IG Metall
trade union, impacting about 220 employees, said the company.

 (Reporting by Ozan Ergenay, Editing by Miranda Murray)
 ((Ozan.Ergenay@thomsonreuters.com;))