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Electronics Production | April 30, 2009

austriamicrosystems with short-work in Austrian facility

austriamicrosystems will implement short-work at its facility in Unterpremstätten, due to the continuing weakness in demand in many markets.
With the current economic situation and significant declines in demand, the company sees a severe under-utilization of its production capacity. To bridge this economically difficult situation, austriamicrosystems will implement short-work - starting on June 1, 2009 - of up to 6 months. austriamicrosystems is already in negotiations with the workers' representatives in the facility in Unterpremstätten. Short-Work can affect up to 50% of the working week. However, the actual extent depends on the development of situation and short-work will be adjusted accordingly. Roughly 670 employees will be affected.
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