Magna announces the closing of 200 jobs at the plant in Styria

The Magna Powetrain facility in Lannach, where transmissions and four-wheel drives are manufactured, was envisioned as Magna's central hub for e-mobility.

Due to problems in the industry, the Austrian supplier to the automotive industry, Magna Steyr, has announced that it will lay off 200 employees at its plant in Styria, Austria, where drives for electric vehicles are manufactured. If the situation does not improve, up to 2,500 jobs may be at risk.

Due to problems in the industry, the Austrian supplier to the automotive industry, Magna Steyr, has announced that it will lay off 200 employees at its plant in Styria, Austria, where drives for electric vehicles are manufactured. If the situation does not improve, up to 2,500 jobs may be at risk, Austrian media reported.