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Magna Not to Leave Austria for Eastern Europe
Politics ♦
Published: June 26, 2013; 16:47 ♦ (Vindobona)
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“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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