Magna closes work in Rosenberg: 350 jobs in danger!

Magna closes work in Rosenberg: 350 jobs in danger!

Rosenberg, Deutschland - The Canadian-Austrian Group Magna International plans to close another work in Germany. The production facility in Rosenberg, which is located in the Neckar-Odenwald district in Baden-Württemberg. This decision was announced during a works meeting on October 14, 2024, and the closure is to be made by the end of 2026. There are currently around 350 employees in the work.

The Rhein-Neckar-Zeitung reports that a job cuts are already planned in early 2025, in which around 100 employees could lose their jobs. The company intends to develop a "volunteer program" and a social plan for those affected. However, it is uncertain how many places in total have to be dismantled because the situation is not yet completely clear.

background for closure

This measure is not the first of its kind in the region. At the beginning of this year, Magna had already announced the closure of another work in Dürbheim. In addition to Rosenberg, the work in Cologne, North Rhine-Westphalia, is already closed, and the location in Roitzsch, Saxony-Anhalt, also goes into the final closure phase. Magna Powertrain, the relevant division in Germany, also has locations in Munich, Neuenstein, St. Georgen and Untergruppenbach.

The decision to close the work in Rosenberg is part of a more comprehensive restructuring of the company within Germany and reflects the challenges that the automotive industry is facing. Magna Powertrain is known as the leading provider of drive technologies and has essential skills in design, development, testing and manufacturing drive lines. However, this size always requires adjustments to the market conditions, which in this case leads to reducing capacity in Germany.

The declines in the workforce are an indication of the changing landscape in the automotive industry, where automation and technological advances are increasingly influencing the fields of production. It remains to be seen how these developments continue to have an impact, especially with regard to other locations of Magna in Germany and their future.

For a more detailed view of the economic situation of Magna and the effects on the workforce in Rosenberg, it is advisable to consult more information, see the current reporting on www.merkur.de .