AVL to Cut 350 More Jobs at Graz Amid Group-Wide Restructuring
AVL will cut 350 additional jobs at its Graz site as part of a group-wide restructuring triggered by challenging conditions in the automotive market.
- 350
- around 12,000
- more than 90
- over 45
What Happened
AVL is continuing its group-wide restructuring program and will cut a further 350 jobs at its Graz site. The company cites continuing challenging market development in the automotive industry and structural changes that require extensive organizational and economic adjustments. The aim is to strengthen the company's long-term competitiveness. These developments affect the entire European mobility sector and require strategic clarity and investment power from companies.
“Those who know me know that job cuts are among the most difficult decisions – for the company and for me personally. We are aware that such measures directly affect people and thus go far beyond economic aspects. At the same time, they are necessary in the current situation in order to position AVL sustainably and secure our technological innovation strength.”
The implementation will take place in close consultation with employee representatives. A social plan with outplacement measures will again be used for the redundancies. AVL says the restructuring responds to decisive market developments and consistently pursues the goal of increasing productivity and efficiency while expanding its role as an international technology partner. The focus is on future fields such as alternative drive systems, digitalization, and artificial intelligence.
“We are realigning our organization in order to remain a technological leader while operating in an economically stable manner. We are convinced that this restructuring will enable us to continue providing our customers with the highest level of support and secure a long-term future for our company.”
With around 12,000 employees, AVL is one of the world's leading mobility technology companies for development, simulation, and testing in the automotive industry and in other sectors such as aviation, marine, and energy. The company develops innovative technologies and tools for green, safe, and sustainable mobility, and supports customers in energy-intensive industries on their path to more sustainable and efficient energy generation and supply. Innovation is a central driving force, with a global network of experts at more than 90 locations and over 45 tech and engineering centers.
Why this matters
The cuts reflect a broader downturn across Europe's mobility sector, where companies face fluctuating demand and structural change. AVL, a leading development and testing partner, says the redundancies are necessary to protect its long-term competitiveness while it invests in future areas like alternative drives, digitalization, and artificial intelligence. Workers will receive support through a social plan and outplacement measures, with talks involving…
Terms in This Story
- Social plan
- An agreement between a company and employee representatives, often required in Europe, that provides support and compensation for workers affected by layoffs.
- Outplacement measures
- Services that help laid-off employees find new jobs, such as career counseling, resume help, and training.
Summarised from the linked release; details can be imperfect — always verify against the original source.