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Voestalpine staff demonstrates against Linz plant spin-off.

(ADPnews) - Mar 31, 2010 - Around 250 workers from the Linz plant of Austrian steel producer Voestalpine (WBAG:VOE) demonstrated on Wednesday against the planned spin-off of their plant.

The separation of the plant into a new business entity is part of a savings programme which should lead to cost reductions in the triple-digit million-euro range in the first year of implementation alone. However, workers' representatives fear that the plans concerning the plant in Linz will result in a collective pay agreement with less favourable terms.

The savings programme has been developed in co-operation with the works council. Nonetheless, the employees are disgruntled because the management disclosed information about things that were not firmly resolved, as the works council told news agency APA. This caused anxiousness among the staff, according to the works council.

Negotiations will follow and no strikes are planned for now.

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Publication:ADP News Austria
Date:Mar 31, 2010
Words:143
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