Politics

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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Magna Not to Leave Austria for Eastern Europe

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.