Overview
- Management says the final number of layoffs depends on voluntary departures, with clarity expected by mid‑December.
- The agreed social plan foresees two to seven months of pay per affected worker and €11,000 paid into an employment fund, with the framework reported to run through 2027.
- The company cites a weak B2B luxury market and external pressures such as raw‑material costs, wages, currency swings and tariffs as drivers of the restructuring.
- Night shifts will be scrapped, a change the works council warns could cost some employees eligibility for heavy‑worker pension benefits.
- Headcount at Wattens would fall from about 2,480 to roughly 2,100, as unions criticize management and the Swarovski family, and the Chamber of Labour flags years of shrinkage and possible further cuts tied to working‑time changes.