Magna Negates Downsizing

Politics ♦ Published: May 6, 2013; 20:03 ♦ (Vindobona)

The Canadian-Austrian automotive component supplier Magna has rejects the alleged cut in workstaff in its plant in Graz.

Magna Negates Downsizing / Picture: © Magna

According to reports by the media, Magna was planning a reduction in staff. Spokeswoman for Magna, Lea Treese, explains there was no cut in jobs planned and called the reports, which have only irritated the employees “nonsense”.

In an interview with Wirtschaftswoche CEO Donald Walker spoke about an impending cut in jobs in European factories and that the plant in Graz was…