Frauenthal Considers Short Time Work

IndustrialsIndustrial Goods ♦ Published: February 24, 2012; 17:51 ♦ (Vindobona)

The Austrian component supplier experiences the first signs of the economic crisis. As orders are going down by 10% to 15%, short time work becomes an issue again.

Frauenthal Considers Short Time Work / Picture: © Wikimedia Commons / Jack Georges [Public Domain]

Frauenthal´s CEO Hans Peter Moser expects a difficult period for his company. Especially the automotive division of the Vienna-listed company faces a slump in new orders. Figures of 2011 were satisfying. Nevertheless, the fourth quarter already showed only a weak order stock.

“We have a decrease in capacity utilization by 10% or 15%. At the moment, we can offset this by…