EMCC European Monitoring Centre on Change

TGW - Living Logistics

Company/Organisation:
TGW - Living Logistics

Geographic Location

Country: Austria
Region: Oberösterreich; Westösterreich

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
25.99 - Manufacture of other fabricated metal products n.e.c.
Number Employed: 2600

Employment Effects

Announcement Date: 02-09-2017
Type of Restructuring: Business expansion
Employment Effect Start: 02-09-2017
Foreseen End Date: 02-09-2018
Planned Job Creation: 500

Additional Information

The provider of logistic systems and solutions TGW Logistics Group, with headquarters in Wels (Upper Austria), has announced it will hire 500 employees in the upcoming fiscal year.

TGW provides logistics solutions for companies such as Amazon, Adidas, Zalando or Esprit. As online shopping is increasing, the company's economic prospects are improving. TGW recorded an all-time high in revenue last year when it increased turnover by 17 percent. However, TGW reports difficulties in finding suitable employees, as qualified personnel is getting harder to find in Upper Austria. In 2016 TGW initially planned to hire 600 employees, but could only find 400.

Currently, the company is also investing in a new site in Marchtrenk, Upper Austria, which should be in operation by early 2018.