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.

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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