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RUSH. Tomorrow the FACC employees will be informed about the expected job cuts and the social plan that has been negotiated with the workers’ representatives. Due to the virus, information is stored in blocks at the Ried fairgrounds.
While all the sails at FACC were set on growth before the Corona crisis, the Ried-based aviation provider and plants in St. Martin and Reichersberg now have to cut jobs. In presenting the semi-annual results in August, CEO Robert Machtlinger made it clear that he was not far from the “700-person scenario.” FACC closed the first half of 2020 with a drop in sales of more than a quarter and a loss of 41 million euros. Now 15 million euros are going to be saved with an austerity program. Most of the termination should take place in Austria, where 3,400 employees are employed.
Short-term job for five months
Since March 30, 2020, the entire FACC workforce in Austria has been working short-time. For subsequent years, management assumes that fiscal 2021 will be at the 2020 level. Renewed growth is not expected until 2022. According to current estimates, the level that the FACC had before the Crown crisis will be reached again in four to five years.
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