Austrian manufacturing job cuts and plant closures

Austrian manufacturing companies have announced significant workforce reductions and facility closures driven by rising costs and global economic shifts.

In July 2026, Lenzing AG announced it would close its Heiligenkreuz plant in Burgenland by the end of the year. This move is expected to cut approximately 2,000 full-time jobs worldwide. Economic Minister Wolfgang Hattmannsdorfer noted that high costs and competition from China are placing pressure on the country’s industrial sector.

By August 2026, further layoffs were reported in other sectors. Automotive supplier Veritas Austria GmbH announced the closure of its Mieders facility in Tyrol by the end of 2026, affecting 80 to 90 jobs. Management cited a 25 percent increase in personnel costs over five years as the reason for relocating production to lower-cost regions. Additionally, machinery manufacturer Lisec announced it would cut 52 positions in Seitenstetten due to a global recession in the construction and glass-processing sectors, which has caused a decline in orders since mid-2025.