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Home Breaking News MAN wants to sell the plant in Steyr to the ex-Magna boss

MAN wants to sell the plant in Steyr to the ex-Magna boss


Steyr / Munich (dpa / lby) – The commercial vehicle manufacturer MAN wants to sell its plant in Steyr, Austria to the investor Siegfried Wolf. Wolf’s offer is the “only one with industrial logic,” said MAN boss Andreas Tostmann on Friday following a works meeting, as reported by the Apa news agency. It is socially acceptable and the investor is solid. The former Magna boss Wolf would like to set up an independent company with logistics and sales in Steyr and also “bring back to life” the Steyr own brand.

Tostman said he could understand the fears of the workforce, their “queasy feeling in the stomach”, but the future solution for Steyr was only Wolf. Otherwise there is only one way: to close the plant in Steyr at the end of 2023.

However, there is still skepticism among the workforce. “The concept is conclusive, but the price is too high,” said worker works council boss Erich Schwarz. Wolf only wants to take on around 1250 of the current 1,845 permanent workforce, and there is also a maximum of 15 percent reduction in net income.

© dpa-infocom, dpa: 210327-99-994051 / 2

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MAN sell plant Steyr exMagna boss


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