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Magna Not to Leave Austria for Eastern Europe

Published: June 26, 2013; 16:47 · (Vindobona)

“There will be no impacts on Austria or Styria“, a spokeswoman announced. Instead, a plant in Belgium will “probably” be closed.

Magna Not to Leave Austria for Eastern Europe / Picture: © Magna

After CFO of Magna International North America Vince Galifi announced in an interview with Bloomberg that profits could be increased if Magna plants were relocated to Eastern Europe, a spokeswoman of Magna was sent to calm the situation down. “There will be no impacts on Austria or Styria,” she said on Wednesday. Instead, a plant in Belgium will “probably” be closed. “This…

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