Home » The expertise group Fronius is chopping 350 jobs in Upper Austria

The expertise group Fronius is chopping 350 jobs in Upper Austria

by admin
The expertise group Fronius is chopping 350 jobs in Upper Austria

© Fronius

In the Upper Austrian expertise group Fronius, based mostly in Pettenbach (Kirchdorf district), 350 workers have to depart. Those affected have been notified on Tuesday – earlier than the report was despatched to AMS. It primarily impacts staff within the Sattledt space. The firm pointed to “the present photo voltaic disaster” and “continued weak gross sales within the Solar Energy enterprise unit” as the explanation.

Fronius had already canceled the shifts and parted methods with hiring staff on the finish of 2023. Temporary inside employment is launched for 1,300 photo voltaic manufacturing staff by 2024.

The scenario continued to worsen within the first two quarters of 2024 because the photo voltaic market didn’t get better, it stated. CEO Elisabeth Engelbrechtsmüller-Strauß assumes that the dismissal of 350 workers will cut back labor prices sufficiently and won’t occur once more.

Initially, provide chain issues and the PV increase, attributable to the power disaster because of Russia’s warfare in opposition to Ukraine, meant that the household enterprise couldn’t ship as a lot as ordered. Therefore, roughly 420 million euros have been invested in increasing the manufacturing strains on the Sattledt and Krumau websites in 2022 and 2023 and a couple of,000 new workers have been employed.

But now the warehouses of wholesalers and installers are full and their stock is lowered a lot lower than anticipated, the CEO defined. Forecasts didn’t proceed, low power prices and uncertainty about funding brought about the growth of PV techniques in Austria to be 30 to 40 p.c decrease than in 2023. In Germany, the marketplace for rooftop techniques has even shrunk, Engelbrechtsmüller stated. – The ostrich continued.


Adding to it is a drawback that the complete European photo voltaic trade is preventing: “dumping costs from Chinese producers, who’ve flooded the European market with merchandise which are generally under the price of manufacturing.” European politics has not but responded to this distortion of competitors, or has not responded strongly sufficient. “This omission is resulting in a essential scenario, which sadly is now additionally affecting employment at Fronius,” the corporate stated.

The expertise firm Fronius, based in 1945 by the grandfather of the present CEO as a one-man enterprise, had gross sales of roughly 1.6 billion euros in 2023 (2022: 1.2 billion euros) and employs roughly 8,000 individuals. The enterprise relies on three very unequal pillars: the photo voltaic trade accounts for about 60 p.c, welding expertise for 35 p.c and the battery charging sector for about 5 p.c.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy