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Massive job cuts at Swarovski have fueled rumors about Wattens’ site for months. Following an appeal from the works council, the management and shareholders have made a resolute commitment to the Group’s headquarters in Tyrol.
However, the commitment to the Tyrol location changes nothing about the plans to cut staff at Wattens. This year another 1,000 jobs will be cut at Wattens. According to a retransmission of the group this Wednesday, the conversations with those affected “will begin after the legal deadlines with the expiration of the reduced working day at the end of September.”
At the same time, the broadcast said that management and shareholders clearly reject rumors about an emigration. The legal structure, “which will bring the group together in the future, will continue to be based in Tyrol.” The works council, on the other hand, fears that at least parts of the management will move to Switzerland and that the location in Wattens will be on the way in the long run; more on this in the request for a letter from the Swarovski works council. Tyrolean Governor Günther Platter (ÖVP) again demanded clarity from corporate leadership.
Swarovski staff reduction “without relocation”
In the run-up to Friday’s shareholders’ meeting, both management and the advisory council, representing family members, made it clear that despite the planned restructuring, the Wattens site would not be affected. The expected job cuts in Tyrol will not carry over elsewhere. It is “a painful but necessary resizing and capacity adjustment.”
The seemingly sick crystal company wants to reposition itself for a fresh start. Wattens plays an important role in this new beginning, said CEO Robert Buchbauer. Wattens will be “in the future the global center of decision-making and competence for the production and production-related areas.” The headquarters will continue to be “our beacon, where the brand can be experienced like nowhere else in the world.”
