Siemens closes plant in Vienna: red alert for the industry!

Siemens closes plant in Vienna: red alert for the industry!

Another alarming piece of news from industry: Siemens announced that it would close its industrial power supply plant in Vienna by the end of 2026. In a move that affects the entire industry, the technology group wants to increase its competitiveness by adapting automation capacities worldwide. Siemens is looking for new jobs within the company for the 178 affected employees; There are currently around 100 open positions in Austria, according to reports from Mercury was called. Despite the closure, management of the global business remains in Vienna, including the research and development center.

Industry in crisis

The closure follows the recent bankruptcy of traditional Austrian company KTM and the announcement by automotive supplier Schaeffler that it will close a factory in Berndorf at the end of next year. The industrial association expressed concern about the increasing number of factory closures and the resulting job cuts. IV President Georg Knill warned that “new news of companies in difficulty” is making the rounds every day. Pressure on the industry is growing as politicians look to form a new government SN reported.

The causes of the current crisis are complex and range from high inflation to increased energy costs to irresponsible wage agreements. The production union responded that the IV's arguments did not reflect reality and underlined the need for companies to invest in a sustainable future instead of pursuing short-term profits through dividend policies. This development makes it clear that tensions between employers and employee representatives could continue to increase.