EMCC European Monitoring Centre on Change

Voest

Company/Organisation:
Voest

Geographic Location

Country: Austria
Region: Linz-Wels; Oberösterreich; Westösterreich
Location of affected unit(s): Linz

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.1 - Manufacture of basic iron and steel and of ferro-alloys

Employment Effects

Announcement Date: 16-12-2003
Type of Restructuring: Business expansion
Planned Job Creation: 1000

Additional Information

The negotiations have been successfully concluded with the environmental authorities, the green light has been given to the "Linz 2010" investment programme. Voestalpine will be spending around 2 billion euros on expanding the Linz site in two stages, making it into one of the leading steel centres for the European automotive industry. 1,000 new jobs will be created in Linz. Voestalpine declared during the negotiations that they would accept additional environmental conditions. These will for example involve new, improved foundry shop dust removal installations for the three old blast furnaces and an additional secondary dust removal installation in the melting shop.