Magna Powertrain terminates 200 employees

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A hard blow for the employees of Magna Steyr: On Monday, 200 employees of Magna Powertrain at the Lannach site were reported to the AMS for termination. It is the continuation of strict measures that have to be taken due to the poor order situation. It is the next bad news for the car giant Magna: After severe setbacks in orders for e-cars, more layoffs are now imminent. 200 employees at the Magna Powertrain site in Lannach, Styria, were reporte…

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But Magna also has other problems: Jaguar is phasing out production of two models - an e-car and a combustion engine - in Graz this year.

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Two new orders as a glimmer of hope – but at the same time 200 layoffs at Magna Powertrain and a social plan for Magna Steyr in the background: This is the situation at Magna in Styria.