AMAG seeks permission to cut Ranshofen staff hours amid Covid-19

AMAG Austria Metall AG is seeking permission from the Austrian government to place staff at its Ranshofen plant on short-time working from Wednesday April 1 while the Covid-19 pandemic reduces demand.

AMAG, which supplies aluminium cast and flat rolled products to a variety of industries from Ranshofen, said that it has particularly seen a downturn in orders from the automotive industry.
“Plant closures in the automobile industry in particular, as well as declines in mechanical engineering and construction, necessitate adjustments in capacity,” the company said. “Demand for packaging input material remains stable.”

There have been a series of plant closures around the world while carmakers react to reduced...


Andrea Hotter

March 26, 2020

20:22 GMT

New York