Overview
- Swarovski announced plans to reduce roughly 400 positions at its Wattens operation, affecting production and office roles.
- The company will scrap the night shift and is seeking volunteers to cut working hours by 10–15% through December 12.
- Affected staff are to receive severance worth two to seven months’ pay plus an €11,000 training contribution per person, financed solely by Swarovski.
- Leaders reaffirmed Wattens’ future and a roughly €150 million investment program through 2030, despite underutilization tied to weaker B2B demand.
- Labor and regional groups denounced the cuts, warning of additional layoffs if few accept hour reductions, as Tyrol records more than 2,500 industrial job losses since 2023.