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Despite the planned restructuring measures, the Wattens site will not be affected. The new organizational structure is currently being worked out and should be approved by shareholders in the fall.
WATTS. In the run-up to Friday’s shareholders’ meeting, Swarovski’s board of directors and adviser made it clear: “The location of Wattens is of immense importance to Swarovski. A change in the corporate structure does not change the importance of Wattens, the home and the living cradle of Swarovski ”, the management and shareholders clearly bet on the location of Wattens:“ The vehicle that will bring the group together in the future will also continue being the headquarters have in Tyrol. We want to clearly reject the rumors about a possible emigration to Switzerland or even the closure of the place ”.
No relocation
Once again, company management emphasizes that the anticipated job cuts are not about relocations, but rather about a painful but necessary downsizing and adjustment of capacity. “Wattens is playing an important role in the restart of Swarovski, it will be the global center of decision-making and competence for the production and production-related areas in the future and will continue to be our beacon where the brand can be experienced like nowhere else. another place in the world, “emphasizes CEO Robert Buchbauer.
As already announced, the company plans to cut another 1,000 jobs at the Wattens site this year. Discussions with interested employees will begin after the legal deadlines with the expiration of the reduced working hours at the end of September.
