US Edition"Very Hard Blow: What the Job Reduction at Swarovski Means for Wattens and His Budget
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The Austrian Swarovski group has announced a restructuring plan that includes the reduction of 400 jobs at its headquarters in Wattens, Austria. The reduction is part of a strategy to adjust the company in the face of the fall of the B2B business in that location, also affected by difficult global macroeconomic conditions and high production costs in Austria. This restructuring will take place until the end of 2026 and seeks to maintain the comp…
The recent job cuts at Swarovski also hit the local community of Wattens hard: already in recent years, municipal tax revenues have collapsed massively – now, in the middle of budgeting, the next setback follows. Despite all this, Mayor Lukas Schmied remains confident.
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