Graz; Steiermark; Südösterreich
Location of affected unit(s):
Manufacture of transport equipment
29.3 - Manufacture of parts and accessories for motor vehicles
Type of Restructuring:
Employment Effect Start:
Planned Job Creation:
The management of the Austrian Magna Steyr concern, a company specialised in automotive engineering and vehicle assembly headquartered in Graz, at a press conference held on 27 October 2004 announced plans to grow the companys production relationship with the Chrysler Group by forming a manufacturing agreement for two vehicle types for the European distribution. This is due to increasing demand for these vehicles from the markets. According to the governor of the Land Styria, Waltraud Klasnic, the Chrysler order to Magna Steyr for assembling the vehicles will entail a job creation programme of about 650 employees to be hired in June 2005 onwards.