Siemens closes Vienna's work: 178 jobs in danger!

Siemens closes Vienna's work: 178 jobs in danger!

In an alarming turn for industry in Austria, Siemens has announced that it will close his work for industrial power supply in Vienna until the end of 2026. This is the third bad news within a very short time after the bankruptcy of KTM AG and the upcoming closure of the Schaeffler plant in Berndorf in Lower Austria, which affects 450 jobs, have made headlines. 178 employees are affected by the closure, for which the group is looking for alternative jobs within the group of companies. According to the company, there are currently around 100 vacancies in Austria, such as derStandard reported.

The decision to close the location is based on the need to strengthen competitiveness by adapting in automation worldwide. Pandemiefs and an increasing global competition put the companies under pressure, which leads to these massive restructuring. Siemens has announced that the manufacturing capacities in her work in Sibiu, Romania, will be used more in the future to raise synergies within the region. Despite the closure, the management of the global business for industrial power supplies, including research and development center, remains in Vienna, as oe24.at reported.

effects and further developments

Siemens employs around 9,300 people in Austria, and in the 2023 financial year, the company generated sales of 3.2 billion euros. The closure of the Vienna work symbolizes the current challenges with which traditional companies are confronted in Austria. The industry has been feeling the effects of the global economic situation for some time, which has become increasingly dynamic due to the uncertainties and technological changes.