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🇦🇹 Austria /Economy & Trade

Austrian Technology Group AVL List to Cut Another 180 Jobs in Graz

From Der Standard · () German

Translated from German and summarized by DistantNews. Read the original for the full story.

At a glance

News Official statement Ongoing story
  • AVL List confirmed plans to eliminate about 180 additional positions in Graz after several rounds of cuts over the past two and a half years.
  • The reductions will mainly affect the Instrumentation and Test Systems divisions.
  • The company cited cautious investment in the German market and delays to expected projects.

AVL List will eliminate about 180 more jobs in Graz, extending a restructuring process that has already removed hundreds of positions earlier this year. The Styrian technology group confirmed the additional cuts on Monday.

The reductions will mainly affect the Instrumentation and Test Systems divisions. AVL List develops, simulates and tests mobility technologies for the automotive industry and for sectors including rail, shipping and energy.

The company said the cuts remain linked in part to “cautious investment appetite in the German market.” Expected projects have also been delayed, adding to the pressure on employment at the Graz-based group.

cautious investment appetite in the German market

— AVL ListThe company cites weak investment demand in Germany as one reason for the further job cuts.
About this summary

Originally published by Der Standard in German. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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